The primary reason for building and using models in economic analysis is to reveal basic economic principles

Name: The primary reason for building and using models in economic analysis is to reveal basic economic principles
Brand: Quizplus
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Quizplus · Accepted Answer

Models in economic analysis simplify reality to reveal and understand fundamental economic principles, relationships, and effects, allowing economists to analyze complex real-world phenomena in a more manageable way.

The Primary Reason for Building and Using Models in Economic