Which of the Following Is True of Economic Models

Multiple Choice

Which of the following is true of economic models?

A) Models are too theoretical to be applicable in real world decisions.
B) Models are not useful because uncertainty prevents accurate forecasts.
C) Models are simplified descriptions of processes, relationships, or other phenomena.
D) Models describe real world situations in complete detail.
E) Models are not useful because they do not take into account complicating and less important features of a problem.