When building a model, economists:
A)simplify reality in order to highlight what really matters.
B)attempt to duplicate reality in all of its complexity.
C)ignore the facts and instead try to determine what the facts should
D)be.are careful to avoid the scientific method.

Question

Quizplus · Accepted Answer

Economists simplify reality in their models because the real world is too complex to analyze and understand fully. By simplifying the model, they are able to highlight the key variables that matter in the analysis.

When Building a Model, Economists