Question: Does the following statement explain why theories / models are important? Select the best answer. Economic theories / models are important because they allow us

Does the following statement explain why theories/models are important? Select the best answer.
Economic theories/models are important because they allow us to simplify the real economy in order to understand it better.
Answer
Keyboard Shortcu
No, this statement does not accurately articulate the importance of economic theories/models.
Yes, this statement explains why economic theories/models are important.
Does the following statement explain why theories/models are important? Select the

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