Economists Use Models to Explain Real-Life Situations Because

Multiple Choice

Economists use models to explain real-life situations because:

A) such models tend to be exactly what is occurring in each situation.
B) assumptions found in such models tend to make analyzing the situation more difficult.
C) simplifications and assumptions often yield results that can help to explain the more difficult real-life situations.
D) real-life situations are not relevant to the building of models.