Economists need to develop abstractions in order to:
A)avoid analyzing real-world economic interactions, which are too complicated to understand.
B)distinguish normative economic behavior from positive economic behavior.
C)avoid committing the fallacy of composition.
D)understand and explain economic behavior.
E)justify their salaries, much in the way lawyers speak and write in "legalese."

Question

Quizplus · Accepted Answer

Developing abstractions helps economists understand and explain complex economic behavior by simplifying it into manageable models and frameworks.

Economists Need to Develop Abstractions in Order To