An Assumption That Makes an Economic Model Simpler Without Affecting

question 94

Multiple Choice

An assumption that makes an economic model simpler without affecting its conclusions in important ways is

• A) an indication of a positive assumption
• B) an efficient assumption
• C) useful in disguising the valid conclusions
• D) a simplifying assumption
• E) a critical assumption

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Definitions:

Hazardous Waste

Waste material that can pose a risk to health or the environment when improperly handled.

Nitrile Gloves

A type of protective glove made from synthetic rubber, resistant to oils, fuels, and some chemicals; commonly used in the automotive and medical fields.

Latex Gloves

Elastic and disposable gloves made from natural rubber latex, commonly used for medical procedures and food handling for protection against contamination.

Ergonomic Hazard

Risks of physical strain and injury related to the design and use of equipment, workplace layout, and work processes.