Just like models constructed in other areas of science,economic models
A)incorporate assumptions that contradict reality.
B)incorporate all details of the real world.
C)complicate reality.
D)avoid the use of diagrams and equations.

Question

Quizplus · Accepted Answer

Economic models, like models in other sciences, often incorporate assumptions that simplify or contradict reality to focus on key relationships and make the models manageable and useful for analysis.

Just Like Models Constructed in Other Areas of Science,economic Models