Respuesta :
Answer:
D. Simplify reality in order to highlight what really matters.
Explanation:
Generally, a model is a simple representation of complex reality usually employed to analyze and proffer solutions to problems or to make predictions .
Therefore, an economic model is a simplified framework that is usually mathematical in nature and it is meant to be used as an example of a complex process. It is a simplified description of reality meant to provide testable hypotheses about how an economy behaves.
Therefore, when building a model, economists simplify reality in order to highlight what really matters.
Good luck to you.
Answer:
D. Simplify reality in order to highlight what really matters
Explanation:
When building a model, economists simplify reality in order to highlight what really matters
Typically, economists try to explain observations through theories and models. Models try to simplify the complexities in realities and explain the basic facts by highlighting key characteristics.
The simplification of complexities and reality is obvious in the mention of the term: Citeris Paribus - All other factors kept constant
Therefore an economic model uses assumptions that generate predictions, with all other things being equal.
