When constructing economic models, economists are more concerned with
A)what people say than what they do.
B)what people think than what they say.
C)what people do than what they say.
D)what people say than what they do or think.

Question

Quizplus · Accepted Answer

When constructing economic models, economists are more concerned with what people do than what they say or think. This is because people's actions and behaviors are more reliable indicators of their economic choices and preferences than their words or thoughts. Therefore, economic models are typically based on empirical data and observations of real-world behavior rather than subjective opinions or beliefs.

When Constructing Economic Models, Economists Are More Concerned with