Question

Economists make assumptions in order to Group of answer choices

1. mimic the methodologies employed by other scientists.
2. minimize the number of experiments that yield no useful data.
3. minimize the likelihood that some aspect of the problem at hand is being overlooked.
4. focus their thinking on the essence of the problem at hand.

Answer 1

Answer:

4. focus their thinking on the essence of the problem at hand

Explanation:

Assumptions are initial conditions made before economic analysis is carried out. Assumptions are made to simplify the economic issue to be tested.