One problem with constructing a perfectly complete realistic economic model is that
A)it would be too simplistic to have any value.
B)it would be far too complicated to analyze.
C)politicians see little value in such a model.
D)None of the above is true.

Question

Quizplus · Accepted Answer

Constructing a completely realistic economic model would require taking into account every single possible factor that could influence the economy, making it incredibly complex and difficult to analyze. While such a model may be more accurate, it would be nearly impossible to actually use in practice. A simpler model, although not perfect, is still valuable in understanding and making predictions about the economy. Neither A nor C accurately reflect the issue with constructing a complete economic model.

One Problem with Constructing a Perfectly Complete Realistic Economic Model