Economists use assumptions to
A) make things simpler.
B) focus on what really matters.
C) simplify decision-making.
D) all of the above

Question

Quizplus · Accepted Answer

Economists use assumptions to make things simpler, focus on what really matters, and simplify decision-making. The use of assumptions allows economists to isolate the effects of specific economic factors and to develop models that help policymakers and individuals make decisions based on simplified versions of real-world situations.

Economists Use Assumptions to