Economists employ economic models:
A) to make reality more complex.
B) because economic theory is too easy without them.
C) because reality is complex.
D) to make the field more scientific.

Question

Quizplus · Accepted Answer

Economists employ economic models because reality is complex. Economic models simplify real-world situations to make them more manageable and understandable. They allow economists to test theories and make predictions about economic behavior.

Economists Employ Economic Models