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