Economists Make Assumptions Because

question 23

Multiple Choice

Economists make assumptions because

• A)this is a way of incorporating value judgments into their models.
• B)their use allows complex situations to be analyzed.
• C)this permits imperfect information to describe reality.
• D)assumptions are the final product of careful economic analysis.
• E)assumptions allow economists to avoid facts that contradict their theories.

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Definitions:

Prescribed Medication

Drugs that are legally provided to patients by healthcare professionals to treat and prevent diseases.

Route the Call

The process of directing a telephone call to the appropriate recipient or department within a system.

Document

To record or provide written evidence of information, processes, or transactions.

Dispensing Refills

The process of providing additional supplies of a prescribed medication to a patient, based on a previously authorized prescription.