The Role of an Assumption in an Economic Theory Is

question 72

Multiple Choice

The role of an assumption in an economic theory is to

• A)add realism.
• B)prove the theory.
• C)cover special cases.
• D)simplify the complex reality.

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Definitions:

Adulthood

A stage of human development characterized by full physical maturity, and typically involving greater independence, responsibility, and social roles compared to adolescence.

Openness

A personality trait that encompasses appreciation for art, emotion, adventure, and unusual ideas; imaginative and curious.

Imaginative

Referring to the ability to be creative or resourceful, often involving the generation of new ideas or concepts.

Agreeableness

Agreeableness is a personality trait that involves being warm, kind, cooperative, and sympathetic towards others.