For an economist,the idea of making assumptions is regarded generally as a
A)bad idea,since doing so leads to the omission of important ideas and variables from economic models.
B)bad idea,since doing so invariably leads to data-collection problems.
C)good idea,since doing so helps to simplify the complex world and make it easier to understand.
D)good idea,since economic analysis without assumptions leads to complicated results that the general public finds hard to understand.

Question

Quizplus · Accepted Answer

Assumptions are necessary for economists to simplify the complex economic world and create models that are easier to understand. Without assumptions, economic analysis would be too complex and practically impossible. Therefore, making assumptions is generally considered a good idea in economics.

For an Economist,the Idea of Making Assumptions Is Regarded Generally