In the Context of Economics, Assumptions

Multiple Choice

In the context of economics, assumptions

A) are stated or unstated value judgments, definitions and interpretations made without supporting evidence.
B) are logical conclusions reached in the first step of economic analysis and used consistently from thereon.
C) must be based on the evidence at hand but do not need to be explicitly stated
D) are different for every person and thus have no role in unbiased policy analysis