Which is NOT true about the use of economic models?
A) Economic models are simplified representations of the real world.
B) Economists sometimes use laboratory experiments to test their theories.
C) Economists use what has already happened in the real world to test their theories.
D) Economists are employed to explain economic phenomena but are never used to predict what might happen next.

Question

Quizplus · Accepted Answer

Economists often use models to make predictions about future economic phenomena.

Which Is NOT True About the Use of Economic Models