Any model is based on making assumptions because A) models have to be simplified to be useful. B) we cannot analyze an economic issue unless we reduce its complexity. C) both a and b. D) neither a nor b

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Any model is based on making
assumptions because
A) models have to be simplified to be
useful.
B) we cannot analyze an economic
issue unless we reduce its complexity.
C) both a and b.
D) neither a nor b
Transcribed Image Text:Any model is based on making assumptions because A) models have to be simplified to be useful. B) we cannot analyze an economic issue unless we reduce its complexity. C) both a and b. D) neither a nor b
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