New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Economists generally believe that making assumptions

    is 
    A a good idea, since doing so helps to simplify the complex world and make it easier to understand Correct Answer Incorrect Answer
    B a good idea, since economic analysis without assumptions leads to complicated results that the general public finds hard to understand Correct Answer Incorrect Answer
    C a bad idea, since doing so invariably leads to data-collection problems Correct Answer Incorrect Answer
    D a bad idea, since doing so leads to the omission of important ideas and variables from economic models Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Making assumptions is a good idea, since doing so helps to simplify the complex world and make it easier to understand.

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