Why Do Economists Make Assumptions

question 187

Multiple Choice

Why do economists make assumptions?

• A) to diminish the chance of wrong answers
• B) to make the world easier to understand
• C) because all scientists make assumptions
• D) to make certain that all necessary variables are included

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Definitions:

Intersection

The point at which two or more paths, lines, or roads meet or cross each other.

Library

A collection of sources of information and similar resources, made accessible to a defined community for reference or borrowing, providing physical or digital access to material.

Obedience

The act of following orders or instructions from an authority figure, often studied in the context of social psychology.

Fullest Extent

To the greatest degree or highest level of performance, capacity, or utilization possible.