The reason why economists do not need details regarding the topography of a region when determining driving directions is because economics desires unrealistic assumptions.
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Q78: Which of the following is a variable?
A)
Q79: To think at the margin means to
Q80: Economists use assumptions to
A) make things simpler.
B)
Q81: The reason why economists do not need
Q82: The example about London's congestion problem illustrates
Q84: An example of analysis that involves variables
Q85: What did Adam Smith mean when he
Q86: A key assumption of most economic analysis
Q87: Recall the Application about the incentives to
Q88: Using assumptions to make things simpler and
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