Economists use assumptions in order to
A) make models more realistic.
B) simplify complex real-world behavior.
C) make their models fit the data.
D) avoid using mathematics.

Question

Quizplus · Accepted Answer

Economists use assumptions to simplify complex real-world behavior in order to create models that help to explain economic phenomena. This allows for analysis of how various factors interact and can provide insight into potential solutions or policies.

Economists Use Assumptions in Order to