What are the functions and limitations of an economic model?

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Modern Labor Economics Theory And Public Policy

ISBN: 9780132540643

11th Edition

Authors: Ronald Ehrenberg, Robert Smith

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Question Posted: Feb 10, 2024 07:01 AM

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What are the functions and limitations of an economic model?

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An economic model is a theoretical construct that represents economic processes by a set of variables and a set of logical andor quantitative relation...View the full answer

Modern Labor Economics Theory And Public Policy

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