Economists make assumptions in order to
A) mimic the methodologies employed by other scientists.
B) minimise the number of experiments that yield no useful data.
C) minimise 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.
Correct Answer:
Verified
Q2: Economists, like mathematicians, physicists and biologists,
A)make use
Q5: Instead of conducting laboratory experiments to generate
Q6: Economists devise theories, collect data, and then
Q7: Economists often find it worthwhile to make
Q8: Economists try to address their subject with
Q8: Which of the following is not correct?
A)Economists
Q10: The ultimate purpose of an economic model
Q20: The goal of an economist who formulates
Q49: Which of the following statements about models
Q87: When economists are trying to explain the
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