The Scientific Purpose of Simplifying Assumptions in an Economic Model

question 60

Multiple Choice

The scientific purpose of simplifying assumptions in an economic model is to

• A)avoid confronting difficult issues.
• B)eliminate the need for further testing of the implications of the model.
• C)abstract from the complexities of the real world those issues that are not important for the issues under examination.
• D)eliminate the possibility of personal bias in the model.
• E)add necessary hypotheses to the problem.

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Definitions:

Leader Leaves

A term that might refer to the absence or departure of a leader from a team or organization, affecting the group's dynamics and performance.

Single-subject Design

A research design that focuses on the response of an individual subject to an intervention or treatment over time.

Quit Smoking

The process of stopping the habit of tobacco smoking, often involving strategies and support to overcome nicotine addiction.

Outcome

The result or effect of an action, decision or situation.