A road map is like an economic model, because it provides us with:
A) all the details of the real world.
B) an analysis with no resemblances with the real world.
C) an analysis of the real world.
D) an abstraction of the real world.

Question

Quizplus · Accepted Answer

An economic model, like a road map, simplifies reality to help us understand and analyze complex systems by focusing on the most important aspects, hence it is an abstraction of the real world.

A Road Map Is Like an Economic Model, Because It