Which of the following statements is true?
A-models that economists use are perfect replicas of realityB- the scientific method used by economists is based on idealism and not empiricismC- models help economists explain that past but do not help predict the futureD- testing with data enables economists to distinguish between goo

The statement which is true is testing with data enables economists to distinguish between good models and bad models. Thus the correct option is D.

What is data?

Data refer to information containing facts, figures, statistics, and text utilized by individual and organization for different objectives. This data helps to predict trends and preferences based on the information available to know the customer's taste.

When this data is tested accurately helps in decision making. Tested with data enables economists to distinguish between good models and bad models based on the information collected.

Therefore, option D is appropriate.

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