Economists make assumptions to
A)mimic the methodologies employed by other scientists.
B)minimize the number of experiments that yield no useful data.
C)minimize the likelihood that some aspect of the problem at hand is being overlooked.
D)focus their thinking on the essence of the problem at hand.

Question

Quizplus · Accepted Answer

Economists make assumptions to focus their thinking on the essence of the problem at hand. Assumptions help them simplify complex models and theories, allowing them to identify the key variables that affect economic behavior and outcomes. By making assumptions, economists can develop models that are useful for analyzing and making predictions about economic phenomena.

Economists Make Assumptions to