Economic models do all of the following except
A)answer economic questions.
B)portray reality in all its minute details.
C)make economic ideas explicit and concrete for use by decision makers.
D)simplify some aspect of economic life.

Question

Quizplus · Accepted Answer

Economic models are simplified representations of reality that focus on certain aspects of economic behavior. They are not meant to portray reality in all its minute details, but rather to provide a framework for analyzing economic phenomena and answering economic questions. The simplification is necessary to make economic ideas explicit and concrete for use by decision makers. Therefore, option B is the correct answer as it contradicts the purpose and nature of economic models.

Economic Models Do All of the Following Except