Solved

When Specifying Economic Models, Economists Often Make Assumptions About the Real

Question 55

Multiple Choice

When specifying economic models, economists often make assumptions about the real world. The purpose of assumptions in economics is to:


A) make the model more realistic.
B) simplify the model and provide a primary focus for the theory.
C) ensure that the model only covers specific conditions.
D) guarantee the accuracy of the theory.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions