The Scientific Purpose of Simplifying Assumptions in an Economic Model

question 10

Multiple Choice

The scientific purpose of simplifying assumptions in an economic model is to

• A)eliminate the possibility of personal bias in the model.
• B)add necessary hypotheses to the problem.
• C)avoid confronting difficult issues.
• D)abstract from the complexities of the real world those issues that are not important for the issues under examination.
• E)eliminate the need for further testing of the implications of the model.

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Definitions:

Recent African Origins

A theory proposing that modern humans originated relatively recently in Africa and then dispersed to other continents.

Geographically Distinct

Characterized by features or qualities that differentiate one geographical area from another, often due to natural boundaries, climate, or landscapes.

Anatomically Modern

Refers to Homo sapiens who have physical characteristics similar to those of humans today, emerging about 200,000 years ago.

Anatomically Modern Humans

Homo sapiens characterized by anatomical features similar to those of contemporary humans, emerging approximately 300,000 to 200,000 years ago.