Question 8 0/1 pts Economic models are constructed to mirror reality as closely

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Question 8 0/1 pts Economic models are constructed to mirror reality as closely as possible, and in this respect economic models are no different from other scientific models. are constructed to mirror reality as closely as possible, and in this respect economic models are very different from other scientific models are simplifications of reality, and in this respect economic models are no different from other scientific models are simplifications of reality, and in this respect economic models are very different from other scientific models

Explanation / Answer

Economic models are constructed to assess real situations as closely as possible.It is not certain that the models would be exact replicas of the real situations.In this sense economic models are closely related to scientific models.

Answer-First option.

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