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In: Economics

Economists employ economic models * to make reality more complex. because reality is complex. because economic...

Economists employ economic models *
to make reality more complex.
because reality is complex.
because economic theory is too easy without them.
to make the field more scientific.

Solutions

Expert Solution

Ans) Economic models are simple abstract of complex reality. They represent real world in a simplified version. This helps economists to understand the relationship between variables easily.

Option b. (because reality is complex.)

Rahul Sunny answered 1 year ago
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