When building a model,economists:
A)simplify reality to highlight what really matters.
B)attempt to duplicate reality in all of its complexity.
C)ignore the facts and instead try to determine what the facts should be.
D)are careful to avoid the scientific method.

Question

Quizplus · Accepted Answer

Economists simplify reality to highlight the key variables and relationships that matter in order to create usable models. This simplification allows them to isolate and analyze the effects of different variables and better understand the underlying mechanisms that drive economic behavior. Trying to duplicate reality in all its complexity would be impractical and make it difficult to draw any meaningful conclusions. Economists also rely on the scientific method to test their models and determine their validity. Ignoring the facts or trying to determine what they should be would be unscientific and lead to invalid models.

When Building a Model,economists