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?
This interview question assignment measures your mastery of ULO 6.1. Objective: To gain insight into the impact of government regulation on business by interviewing industry professionals. Instruction
This interview question assignment measures your mastery of ULO 6.1. Objective: To gain insight into the impact of government regulation on business by interviewing industry professionals. Instructions: Choose an industry that is subject to government regulations such as health care, insurance, energy, banking, or auto. Find and reach out to