Economists Make Simplifying Assumptions to

question 34

Multiple Choice

Economists make simplifying assumptions to

• A) understand extremely complex phenomenon.
• B) build a model that is as close to the real world as possible.
• C) focus on the variables that are important to an economic theory.
• D) A and C

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Definitions:

Macroevolutionary Model

A theoretical framework that looks at the large-scale evolutionary changes that occur over long periods, including the formation of new species and the extinction of others.

Genetic Drift

A mechanism of evolution involving random changes in the frequency of alleles within a population over time, not necessarily driven by natural selection.

Gene Flow

The transfer of genetic variation from one population to another, which can lead to changes in the genetic composition of populations.

Sickle-Cell Anemia

A genetic blood disorder causing red blood cells to assume a sickle shape, leading to various health complications.