contestada

The models used in economics: A) are usually limited to variables that are directly related. B) are essentially not reliable because they are not testable in the real world. C) are of necessity unrealistic and not related to the real world. D) emphasize basic relationships by abstracting from complexities in the everyday world.

Respuesta :

The models used in economics emphasize basic relationships by abstracting from complexities in the everyday world. (Option D).

What are economic models?

Economic models can be described as an abstraction of reality. It describes phenomenon that can be observed in real life but in a simplified manner. Thus, economic models they are realistic It is essential for economic models to be testable in the real world.

An example of an economic model is the law of demand model. According to this model, there is a negative relationship between the price of a good and the quantity demanded of a good. This model is accurate because in the real world, all things been equal, the higher the price of a good, the lower the quantity of that good that would be demanded.

To learn more about economic models, please check: https://brainly.com/question/14839877

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