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Why economists make assumptions

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Assignment

-What is economics? Why is economics considered a social science? What role does economics play in your personal and professional lives? 75 words

-Why economists make assumptions? 75 words

-Explain if an economic model describe reality exactly. 75 words

-Explain the difference between a positive and a normative statement. 75 words

-Why economists sometimes offer conflicting advice to policymakers? 75 words

-Explain the differences between absolute advantage and comparative advantage. 75 words

-Why economists oppose policies that restrict trade among nation? 75 words

-Why economists usually oppose controls on prices? 75 words.

Reference no: EM131876697

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