Choose the answer that best explains why economists build models that abstract from the complexities of reality.
A)Because economists are not interested in reality.
B)Because economics deals only in the abstract.
C)Because the complexities of reality are unimportant.
D)Because this allows economists to conduct controlled experiments to test their theories.
E)Because they believe they gain a greater understanding of reality.

Question

Quizplus · Accepted Answer

Economists build models to simplify reality in order to better understand and analyze economic phenomena, making it easier to identify key relationships and predict outcomes.

Choose the Answer That Best Explains Why Economists Build Models