Economic models are used to
A) explain every detail of an economic theory.
B) explore decision making by individuals, firms and other organizations.
C) build physical renditions of government construction projects.
D) represent the complexities of economic environments.

Question

Quizplus · Accepted Answer

Economic models are used to explore decision making by individuals, firms and other organizations. They do not necessarily explain every detail of an economic theory, build physical renditions of government construction projects, or represent the complexities of economic environments.

Economic Models Are Used to