Home / Expert Answers / Economics / economy-christopher-coutinho-isn-39-t-that-a-big-problem-a-model-should-include-as-much-information--pa357

(Solved): economy. Christopher Coutinho Isn't that a big problem? A model should include as much information a ...



economy. Christopher Coutinho Isn't that a big problem? A model should include as much information as possible, right? George Well, let's think our way through that. One example of a model in everyday life is a road map telling you how to get from one place to another. Let's say I want to show you how to get from your house to my house as efficiently as possible. Should I maximize detail on the map or try to keep it only to the most important points, like where to turn or an important landmark? A good road map would keep only the most important points and leave out unnecessary detail, Maximum detail would be most helpful. I want to know about every blade of grass!

student submitted image, transcription available below


We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe