Why do economists develop theories to explain the reality of economic behaviour?
A) because theories simplify a complex reality
B) because theories confront reality in all its complexity by focusing on the unique aspects of each phenomenon
C) because theories explain phenomena without predicting them
D) because theories predict phenomena without explaining them

Question

Why do economists develop theories to explain the reality of economic behaviour?  
A) because theories simplify a complex reality 
B) because theories confront reality in all its complexity by focusing on the unique aspects of each phenomenon 
C) because theories explain phenomena without predicting them 
D) because theories predict phenomena without explaining them

Quizplus · Accepted Answer

Economists develop theories to simplify a complex reality and make it easier to understand and analyze. Theories provide a framework to explain complex economic behavior and help economists make predictions about future outcomes.

Why Do Economists Develop Theories to Explain the Reality of Economic