Economists make assumptions to

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Economists make assumptions to
minimize the number of experiments that yield no useful data.
develop models when the scientific method cannot be used.
provide issues for political discussion.
simplify the complex world and make it easier to understand.
Transcribed Image Text:Economists make assumptions to minimize the number of experiments that yield no useful data. develop models when the scientific method cannot be used. provide issues for political discussion. simplify the complex world and make it easier to understand.
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