Computer _________ Occurs When a Complex System,such as the U

question 7

Short Answer

Computer _________ occurs when a complex system,such as the U.S.economy,is modelled by means of mathematical equations and different scenarios are run against the model to determine 'what-if' analysis.

Describe the "American System" and its influence on domestic economic policies.

Compare and contrast historical economic systems and their societal impacts.

Explore the role and influence of key historical figures in shaping American economy and politics.

Understand how internal improvements and transportation projects contributed to national integration and economic growth.

---

Definitions:

Resource

Raw materials, labor, capital, and other inputs used in the production of goods and services.

External Benefits

Benefits of a good or service that are not captured by the market price and are received by third parties.

Competitive Market

A market structure characterized by many buyers and sellers, free entry and exit, and products that are similar but differentiated.

Maximize Profit

The goal of adjusting production or service levels to achieve the highest possible returns.