Question

Economists generally believe that making assumptions is

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

A a good idea, since doing so helps to simplify the complex world and make it easier to understand

B a good idea, since economic analysis without assumptions leads to complicated results that the general public finds hard to understand

C a bad idea, since doing so invariably leads to data-collection problems

D a bad idea, since doing so leads to the omission of important ideas and variables from economic models

Practice Next

More Research Questions

Solution