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.

---

Definitions:

Urban Areas

Urban areas are densely populated regions that include cities and towns where there is a concentration of infrastructure, housing, and services.

Urban Residents

Individuals who live within the densely populated areas or cities, often characterized by higher access to services and amenities compared to rural areas.

Political Corruption

The abuse of power by government officials for personal gain, undermining the integrity of political processes and institutions.

Intercollegiate Athletic Association

An organization that manages college and university level sports competitions and athlete standards in the United States.