US Navy Down to Five Aircraft Carriers at Sea, None in the Mideast. Sailors take photos on the flight deck as aircraft carrier USS George Washington (CVN 73) transits the Strait of Magellan on Nov. 1, 2015, as part of the exercise Southern Seas 2015. (U.S. Navy photo by Bryan Mai)
The _____ model is founded in classic economic precepts. The shareholder model is founded in classic economic precepts. Expert answered|matahari|Points 3634|. Log in to see link for more information.
Sam Ouliaris of IMF has this nice description of the enigma of economics â its models. The idea behind model ironically is to simplify economics: An economic model is a simplified description of reality, designed to yield hypotheses about economic behavior that can be tested. An important feature of an economic model is that it is necessarily subjective in design because there are no objective measures of economic outcomes. Different economists will make different judgments about what is needed to explain their interpretations of reality.