Question

what do economists always do when they are constructing theories or models? question 10 options: a) they make simplifying assumptions. b) they attempt to duplicate the real world. c) they ensure that the theory can be expressed mathematically. d) they try to include as much information as possible.

Answer 1

Step-by-step explanation:

Option a) is correct: make simplified assumptions.

The different economists gave different theories based on various models. In starting or constructing a model, the economists make certain assumptions and then proceed based on assumptions made by them.