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Do economic models always accurately predict economic behavior?

No, economic models don't always predict economic behavior because models are based on assumptions, or things that we take for granted as true.


What was true of missionaries who did work in Africa like that done by the African methodist episcopalzion church?

They provided economic role models to people in africa!.


What are the 4 primary economic models?

the four economic models are as follows: two sector models three sector model four sector model five sector model


What are the economic system models?

apu mu


What are theories in economics called?

economic models


What has the author Terry Barker written?

Terry Barker has written: 'A review of models and data in the Norwegian system of economic planning=' -- subject(s): Economic policy, Mathematical models, Econometric models


What has the author Abdul Qayum written?

Abdul Qayum has written: 'Numerical models of economic development' -- subject(s): Mathematical models, Economic development 'Techniques of national economic planning' -- subject(s): Economic policy, Planning


What has the author Robert E King written?

Robert E. King has written: 'International macroeconomic adjustment, 1987-92' -- subject(s): Econometric models, Economic conditions, Economic forecasting, Economic history, Economic models


What economic models assume?

That world peace is everything


What do economic models assumes?

That world peace is everything


What has the author Xiaoming Huang written?

Xiaoming Huang has written: 'China, India and the end of development models' -- subject(s): Economic development, Economic conditions 'China, India and the end of development models' -- subject(s): Economic development, Economic conditions


What has the author Ram Dayal written?

Ram Dayal has written: 'An integrated system of world models' -- subject(s): Economic development, Economic history, Economics, Mathematical models