Economists Often Find It Worthwhile to Make Assumptions That Do

question 27

True/False

Economists often find it worthwhile to make assumptions that do not necessarily describe the real world.

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Definitions:

Hotspot

A wireless network that has free Internet access. Security is a concern because no encryption or authentication is commonly required.

Tap and Hold

An interaction technique on touchscreens involving pressing and holding down on the screen surface for a certain duration to initiate an action.

Compressing

Compressing refers to the process of reducing the size of digital data by using algorithms to remove redundancies, making files easier to store or transmit over networks.

File

An electronic container holding data or computer code that serves as a basic unit of storage.