Economists Make Assumptions to

question 8

Multiple Choice

Economists make assumptions to

• A)mimic the methodologies employed by other scientists.
• B)minimize the number of experiments that yield no useful data.
• C)minimize the likelihood that some aspect of the problem at hand is being overlooked.
• D)focus their thinking on the essence of the problem at hand.

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Definitions:

Human Resource

The department within an organization that deals with the recruitment, management, and direction of people who work in it.

Human Resource Practices

The strategies, practices, and processes used by an organization to manage its workforce.

Attracting

The process of drawing interest to a product, service, or entity, often involving marketing strategies or talent acquisition efforts.

Retaining

The act of holding back or keeping something in position, often used in the context of maintaining employees or resources.