Question: Does the following statement explain why theories / models are important? Select the best answer. They allow us to take complicated issues that pertain to

Does the following statement explain why theories/models are important? Select the best answer.
They allow us to take complicated issues that pertain to the real world and simplify them into their basic essential components.
Answer
Yes, this statement explains why economic theories/models are important.
No, this statement does not accurately articulate the importance of economic theories/models.
Does the following statement explain why theories/models are important? Select the

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