How is economics like a science? Why do economists make assumptions? Should an economic model describe reality exactly? Draw and explain a production possibilities frontier for an economy that...



How is economics like a science?



Why do economists make assumptions?



Should an economic model describe reality exactly?



Draw and explain a production possibilities frontier for


an economy that produces milk and cookies. What


happens to this frontier if disease kills half of the


economy’s cow population?



May 26, 2022
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