The Role of an Assumption in an Economic Theory Is

question 301

Multiple Choice

The role of an assumption in an economic theory is to

• A) add realism.
• B) prove the theory.
• C) cover special cases.
• D) simplify the complex reality.

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Definitions:

Group Intelligence Movement

A historical movement that emphasized the assessment and study of intelligence through group-administered tests.

World War I

A global conflict that lasted from 1914 to 1918, involving many of the world's nations and marked by significant military and civilian casualties.

Great Depression

A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States and affecting many countries.

Universal Intelligence Test

A hypothetical or proposed assessment designed to measure intelligence across diverse cultures and populations without bias.