Question: 1. Economists make assumptions because a. their use allows complex situations to be analyzed. b. this is a way of incorporating value judgments into their

1. Economists make assumptions because

a. their use allows complex situations to be analyzed.

b. this is a way of incorporating value judgments into their models.

c. this permits imperfect information to describe reality.

d. assumptions allow economists to avoid facts that contradict their theories.

e. assumptions are the final product of careful economic analysis.

Explain

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