Economists Often Find It Worthwhile to Make Assumptions That Do

question 27

True/False

Economists often find it worthwhile to make assumptions that do not necessarily describe the real world.

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Definitions:

Fatty Acid

A lipid that is an organic acid containing a long hydrocarbon chain, with no double bonds (saturated fatty acid), one double bond (monounsaturated fatty acid), or two or more double bonds (polyunsaturated fatty acid); components of triacylglycerols and phospholipids, as well as monoacylglycerols and diacylglycerols.

Ligand

A molecule that binds to a specific site in a receptor or other protein.

Receptor

(1) In cell biology, a molecule on the surface of a

Clathrin

A protein that plays a critical role in the formation of coated vesicles, involved in the transport of molecules within cells.