Economics models focus on the ____ of the complex reality, by making assumptions

Question

Economics models focus on the ____ of the complex reality, by making assumptions which are _____ statements that _____ the complex reality, and are not relevant to the main research questions the model is trying to address   
A key aspects; false ; simplify B all details ; false; simplify C key aspects; true; augment D all details; true; augment Economics models focus on the ____ of the complex reality, by making assumptions which are _____ statements that _____ the complex reality, and are not relevant to the main research questions the model is trying to address   
A key aspects; false ; simplify B all details ; false; simplify C key aspects; true; augment D all details; true; augment
A key aspects; false ; simplify B all details ; false; simplify C key aspects; true; augment D all details; true; augment

Explanation / Answer

Answer:- Economics models focus on the ____ of the complex reality, by making assumptions which are _____ statements that _____ the complex reality, and are not relevant to the main research questions the model is trying to address

Correct option:-  key aspects; false ; simplify

Reason:- An economic model  omits trivial details and emphasizes factors most relevant to the problem under
consideration.

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