An Assumption That Makes an Economic Model Simpler Without Affecting

question 94

Multiple Choice

An assumption that makes an economic model simpler without affecting its conclusions in important ways is

• A) an indication of a positive assumption
• B) an efficient assumption
• C) useful in disguising the valid conclusions
• D) a simplifying assumption
• E) a critical assumption

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Definitions:

Glands of Zeis

Small sebaceous glands located at the rim of the eyelids, involved in lubricating the eyelashes to prevent drying out.

Bulbar Conjunctiva

The part of the conjunctiva, a clear membrane covering the white part of the eye, that overlays the eyeball, up to the edge of the cornea.

Meibomian Glands

Specialized oil glands located along the rim of the eyelids, responsible for the supply of meibum, an oily substance that prevents evaporation of the eye's tear film.

Corneal Abscess

An inflammatory or infective consolidation of the cornea, usually due to bacterial or fungal infection, leading to pain and visual impairment.