Question: 1 point Why is it necessary to select different models for solving various economic problems? The complexity of a model determines its applicability to various

1 point
Why is it necessary to select different models for solving various economic problems?
The complexity of a model determines its applicability to various economic problems, not its foundational assumptions.
A single model can be easily adapted to solve all types of economic issues without modification.
The choice of model depends solely on the preference of the economist, not the problem.
Different problems require models that highlight relevant factors and relationships.
1 point Why is it necessary to select different

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