Why Do Economists Tend to Create Models in Diagrammatic Form

question 116

Multiple Choice

Why do economists tend to create models in diagrammatic form?

• A)Diagrams hide reality, and theory is an attempt to avoid reality.
• B)It is easier than building models out of physical objects.
• C)Economic reality cannot possibly be represented except in diagrams.
• D)Most economists are frustrated artists, and like to draw when possible.
• E)All of the above are correct.

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Definitions:

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Triarchic Theory

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A measure of a person's overall mental ability or intelligence.

Information Processing

The process of taking in information, storing it, and then using it, akin to the way a computer processes data.