Which of the Following Statements Most Accurately Describes the Concept

Multiple Choice

Which of the following statements most accurately describes the concept of economic theory?

A) It should be as detailed as possible in order to model the complexity of an economy.
B) It is an abstraction from reality.
C) It is only useful if it rests on realistic assumptions.
D) It is unrealistic and therefore of questionable usefulness in explaining what occurs in a complex economy.