Consider how an economic model can be viewed as a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested. In essence, a simulation. Hence, one important element of an economic model is that it is necessarily subjective in design because there are no objective measures of economic outcomes. If different economists make different judgments about what is needed, how can we tell if a model is ‘useful’? What does this tell us about economic behavior?
I will attach Unit III once I chose tutor. Create a final report for the industry you selected in Unit III detailing the impacts of the United States/China trade war. This report should address the f
I will attach Unit III once I chose tutor. Create a final report for the industry you selected in Unit III detailing the impacts of the United States/China trade war. This report should address the following topics: major issues of the trade war; the tactics and measures taken by the United