Economists use models A. to disprove economic data. B. to answer questions and analyze issues. C. to describe the real world exa

Question

EastWind [94]

3 years ago

8

Economists use models A. to disprove economic data. B. to answer questions and analyze issues. C. to describe the real world exa

ctly. D. to prove that theories are true.

Social Studies

2 answers:

vaieri [72.5K] · Answer 1 · 2022-03-26T20:28:13+03:00

Answer:

Option B==> to answer questions and analyze issues.

Explanation:

Models in economics can be likened to an assessment used in the determination or analysis of economic situations. It is this models in economics that are being used to find the roots of these problems and it is also used to solve the problems too.

Economists is the term for people studying economics and its principles. And one of the instruments for studying and explaining economics is the use of models. The models are being used by economists to ANSWER QUESTIONS AND ANALYZE PROBLEMS.

ludmilkaskok [199] · Answer 2 · 2022-03-26T22:29:55+03:00

The correct answer is letter B

Explanation: Economists use models to simplify reality and allow a better understanding of the world.

<u>Economic models</u> are simplifications of interactions between real-life economic agents. Through these simplifications, it is possible to have a better understanding of how people interact in the economy, and what is the long-term balance towards which a market is heading.