Why are economic models uses for trade-offs and, Ask an Expert

Economics

Why are Economic Models uses for Trade-offs and Trade?

Simplified representations of actuality

a. production possibility frontier

b. comparative advantage

c. circular-flow diagram

Positive economics verses normative economics

While economists agree and why they occasionally disagree.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9581617

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