Economists Use Models to Explain Real-Life Situations Because

Essay

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 the problem more difficult.
C.simplifications and assumptions often yield answers that can help to explain the more difficult real-life situations.
D.real-life situations are not relevant to the building of models.