A critical assumption is one
A) that affects a model in important ways
B) that is understood only by economists
C) that makes a model simpler without affecting any of its important conclusions
D) with negative implications for a process or outcome
E) that is critically unreasonable

Question

Quizplus · Accepted Answer

A critical assumption is one that affects a model in important ways. It means that the assumption has a significant impact on the model's outcomes, and without it, the model would not be meaningful or useful.

A Critical Assumption Is One