Question

Economic models focus on _________ of the complex reality, by making assumptions, which are ________ statements that _________ the complex reality, and are not relevant for the main research questions the model is trying to address.A. key aspects; false ; simplifyB. all details ; false; simplifyC. key aspects; true; augmentD. all details; true; augment

Answer 1

Answer:

A. key aspects; false ; simplify

Explanation:

Economic models are usually mathematical equations that focuses on all details, of the complex reality, by making assumptions, which are false statements that simplify the complex reality, and are not relevant for the main research questions the model is trying to address.