Economists Make Assumptions in Order to

question 28

Multiple Choice

Economists make assumptions in order to

• A)mimic the methodologies employed by other scientists.
• B)minimise the number of experiments that yield no useful data.
• C)minimise 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:

National Saving

The sum of private and public savings in a country, representing total income not spent on consumption or government expenditures.

Silla Rulers

Leaders of the Silla Kingdom, one of the Three Kingdoms of Korea, known for unifying the Korean Peninsula in the 7th century.

Buddhist Temples

Places of worship and meditation in Buddhism, which can vary greatly in size, style, and function, depending on the region.

Kyongju

A historic city in South Korea, known for its extensive archaeological sites from the Silla dynasty.