Homework answers / question archive / Why do economists use models? a

Why do economists use models? a

Business

Share With

Why do economists use models?

a. Models are used to add complexity to a simple world.

b. Models allow us to study a simplified version of a complex world.

c. Models allow us to control exogenous factors.

d. Models make the world harder to understand.

e. Models allow us to examine more factors than what actually exists in our world.