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Unformatted text preview: the US however; they can not specialize in all things or they will lose in the production, because they can not produce everything and same with the US. Problem 10 I do think that it is easier to build an economic model that accurately reflects events that have already occurred than to build an economic model to forecast future events. It implies that there are too many changing factors of data that would change the outcome of the model. Problem 11 I think it is important for the public to be able to differentiate normative statements from positive statements in these recommendations, so that the public will understand the difference between a prescription and prediction, to understand how it will affect them by facts and what could affect them....
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