Economists Make Assumptions in Order to

question 113

Multiple Choice

Economists make assumptions in order to

• A) mimic the methodologies employed by other scientists.
• B) minimize the number of experiments that yield no useful data.
• C) minimize the likelihood that some aspect of the problem at hand is being overlooked.
• D) focus their thinking on the essence of the problem at hand.

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Definitions:

Psychological Climate

Refers to the collective perceptions of employees about their work environment, including feelings of support, challenges, and workplace norms.

Obstacles

Barriers or hindrances that impede progress or achievement.

Superordinate Goal

A shared objective that can only be achieved through the cooperation and effort of all parties involved, often used to unify groups in conflict.

Needs

Needs are essential requirements or necessities for individuals or communities to function and thrive.