Economists make abstract assumptions about reality in theories and models in order to _____.

Economists make abstract assumptions about reality in theories and models in order to _____.

assert and represent particular beliefs

simplify the real world and predict behaviorCorrect

incorporate all the details of real-world economic problems

provide a precise and accurate explanation of behavior

 

Explanation

Economists try to keep things simple and extract only the important points for analysis. The predictive approach is a theoretical short cut that enables economists to simplify the complex nature of reality.