The Model T was manufactured on the ford motor com
8-2 Simulation Discussion
Q • What are the human behaviors economists should observe when creating economic models? Example: people tend to find solutions that are good enough, but not the best solutions.
It is important to take into consideration of the fact that an economist usually involves in creating one of the three models. The three models are namely visual models, simulation models and mathematical models. But for any economist to create the most effective form of model it is important for them to place their focus on the behaviors and
