Economists make use of assumptions,some of which are unrealistic,for the purpose of
A)teaching economics to people who have never before studied economics.
B)advancing their political agendas.
C)developing models when the scientific method cannot be used.
D)focusing their thinking.

Question

Quizplus · Accepted Answer

Economists make use of assumptions to focus their thinking and simplify complex economic situations. They use assumptions like ceteris paribus (other things being equal) to isolate the effects of one specific variable on the economy. While some assumptions may be unrealistic, they help economists build models and theories that can be used to make predictions and inform policy decisions. It is not for the purpose of teaching economics to people who have never studied economics, advancing political agendas, or when the scientific method cannot be used.

Economists Make Use of Assumptions,some of Which Are Unrealistic,for the Purpose