One problem with constructing a perfectly complete realistic economic model is that
A) it would be too simplistic to have any value.
B) it would be far too complicated to analyze.
C) it would not serve the needs of economists who builds that model.
D) None of the above is true.

Question

Quizplus · Accepted Answer

The real economy is so complex and constantly changing that it is impossible to create a truly complete and accurate model that can account for every variable and factor that affects it. As such, any model that attempts to be completely realistic would become far too complicated to analyze effectively.

One Problem with Constructing a Perfectly Complete Realistic Economic Model