For an Economist,the Idea of Making Assumptions Is Regarded Generally

question 28

Multiple Choice

For an economist,the idea of making assumptions is regarded generally as a

• A)bad idea,since doing so leads to the omission of important ideas and variables from economic models.
• B)bad idea,since doing so invariably leads to data-collection problems.
• C)good idea,since doing so helps to simplify the complex world and make it easier to understand.
• D)good idea,since economic analysis without assumptions leads to complicated results that the general public finds hard to understand.

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Definitions:

Hits

In the context of memory and recognition, correct identifications of previously seen or experienced stimuli.

Light Waves

Electromagnetic waves that are visible to the human eye, responsible for the phenomenon of sight.

Violet

A color at the end of the visible spectrum of light, next to blue and opposite of red.

Blue

A primary color perceived when light with a dominant wavelength between approximately 450 and 495 nanometers is detected by the eye.