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BusinessBusiness
19 May, 23:13

In constructing models, economists:

A. make simplifying assumptions.

B. include all available information.

C. must use mathematical equations.

D. attempt to duplicate the real world.

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Answers (1)
  1. 20 May, 01:48
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    All of the above

    Explanation:

    A. make simplifying assumptions.

    B. include all available information.

    C. must use mathematical equations.

    D. attempt to duplicate the real world.

    all four options are what make a good economic model. assumptions are very important to simplify the underlying model. the information available including facts and figures is pivotal. Mathematical equations are used to prove a model. And attempt is made to duplicate the real world as nearly as possible.
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