What can good assumptions do?
A) cause economists to leave out important variables that make their theories worthless
B) simplify the complex world and make it easier to understand
C) eliminate invalid causations
D) allow economists to see the "big picture" instead of only small segments
Correct Answer:
Verified
Q18: Sir Isaac Newton developed the theory of
Q19: If an economist develops a theory about
Q20: What is a common thread between economics
Q21: Which of the following is an example
Q22: How do economists begin building an economic
Q24: What is NOT a common characteristic of
Q25: Which statement does NOT illustrate a characteristic
Q26: How does a scientist make assumptions?
A) A
Q27: What happens when scientists make good assumptions?
A)
Q28: What is a circular-flow diagram?
A) a visual
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