(Answered) Question 11When building a model, an economist must:make simplifying assumptions.develop a set of…

➤ How do economists choose which assumptions to include in a model?
Economists choose assumptions by weighing relevance, empirical support, and analytical tractability. They prefer parsimonious assumptions that deliver clear implications and are robust to small changes. Modelers also run sensitivity checks, compare rival assumptions empirically, and simplify only when it preserves the core causal mechanism they want to explain.