A model is best defined as a:
A) simplification of a real-life situation.
B) way of representing every possible detail of a situation.
C) graphical depiction of many things changing at the same time.
D) way of complicating the analysis of simple economic relationships.

Question

Quizplus · Accepted Answer

A model is a simplification of a real-life situation, designed to highlight and examine certain aspects while ignoring others to facilitate understanding and analysis.

A Model Is Best Defined as A