Why do economists use models?
A) to learn how the economy works
B) to attract the attention of government officials
C) to make economics accessible to the public
D) to make sure that all of the details of the economy are included in their analysis

Question

Quizplus · Accepted Answer

Economists use models to simplify complicated real-world economic systems in order to better understand how they work and to make predictions about their behavior. Models allow economists to isolate and test specific variables and assumptions, which can lead to more accurate and useful analysis.

Why Do Economists Use Models