Economists Make Use of Assumptions,some of Which Are Unrealistic,for the Purpose

question 47

Multiple Choice

Economists make use of assumptions,some of which are unrealistic,for the purpose of

• A)teaching economics to people who have never before studied economics.
• B)advancing their political agendas.
• C)developing models when the scientific method cannot be used.
• D)focusing their thinking.

Calculate return on equity to evaluate financial performance.

Understand the significance of net profit margin and gross margin percentages in assessing profitability.

Understand the characteristics and applications of different satellite orbits (GEO, LEO, MEO, VEO).

Identify the transmission systems (fiber, microwave, radio, satellite) and their respective advantages and disadvantages.

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Definitions:

Awake

The state of being conscious, alert, and aware of one's surroundings.

Deprivation

The condition caused by a lack of necessary materials, comfort, or necessities for healthy living.

Sleepiness

A state of feeling drowsy or tired, often leading to a desire or need to sleep.

Sleepy

Feeling drowsy, tired, or lacking energy, often leading to the need or desire to sleep.