Question

An economic model is

	a means of empirically testing an economic theory.
	a generalization about the workings of an abstract economy.
	a commonly held economic insight stated as a law or general assumption.
	a framework that places the generalized insights of a theory in a more specific contextual setting.

What besides a model do economists need to make policy recommendations?

	Economists need to understand the empirical evidence supporting the theory as well as real-world economic institutions to make policy recommendations.
	Economists also need to know the assumptions on which the model is based to make policy recommendations.
	Economists need to understand the empirical evidence supporting the theory to make policy recommendations.
	Economists need to understand the empirical evidence gathered through testing the model.