
To find the correct option that satisfies the sentence.

Answer to Problem 3AA
An economist might use an economic model to analyze how new technology might affect productivity in a particular industry.
Explanation of Solution
Economics is the study of human behavior which focuses on the judicious use of scarce resources to fulfill the unlimited wants of the people.
An economic model like Solow is used to analyze the
Likewise, every other economist uses an economic model to analyze the effect of new technology on the productivity.
Chapter 1 Solutions
Economics Today and Tomorrow, Student Edition
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