Which statement about economic models is FALSE?
A) In practice, it is easy for an economist to isolate economic variables.
B) Economists hold all other variables constant in order to see the impact of one particular variable.
C) Economic models lead to economic theories that must be tested.
D) Economic models are built using assumptions.

Question

Quizplus · Accepted Answer

In practice, it is often difficult for economists to isolate economic variables due to the complex and interconnected nature of the economy.

Which Statement About Economic Models Is FALSE