An economic model is defined as: Select one:
a.
a simplified representation of the way in which facts are related.
O b. a value judgment.
C.
data adjusted for irrational actions.
O d.
presentation of all possible relevant real-world variables.

Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports

Which of the following statements is true about an atm card?

The game "whack-a-mole," in which the player must "whack" randomly appearing moles with a hammer as quickly as possible when they peek their heads out, is best described as a task