Question: The MOST common way in which economists model a problem is by simplifying the model down to its basic relevant elements. avoiding assumptions as much

The MOST common way in which economists model a problem is by
simplifying the model down to its basic relevant elements.
avoiding assumptions as much as possible in order to avoid misrepresenting reality.
making sure as many details and facts are included.
using case studies to analyze individual real-life examples of problems.
The MOST common way in which economists model a problem is

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