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Choose the answer that best explains why economists build models that abstract from the complexities ...

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Choose the answer that best explains why economists build models that abstract from the complexities ...

Choose the answer that best explains why economists build models that abstract from the complexities of reality.

▸ Because the complexities of reality are unimportant.

▸ Because economics deals only in the abstract.

▸ Because they believe they gain a greater understanding of reality.

▸ Because this allows economists to conduct controlled experiments to test their theories.

▸ Because economists are not interested in reality.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

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Cow5215

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BrandyBraden Author

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Thanks

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Brilliant ツ

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Helped a lot

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