Economists use assumptions in order to
A) Make models more realistic
B) Simplify complex real-world behavior
C) Make their models fit the data
D) Avoid using mathematics

Question

Quizplus · Accepted Answer

Economists use assumptions to simplify complex real-world behavior in order to create models that are easier to work with and analyze. These assumptions can help to isolate specific aspects of economic behavior and make it easier to understand the relationships between different economic variables. However, it is important to keep in mind that these assumptions may not always accurately reflect the real world and may need to be adjusted or refined over time.

Economists Use Assumptions in Order to