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Economics
Economics Today
Ch 1
Q. d - For Critical Thinking

Q. d - For Critical Thinking

Expert-verified

Found in: Page 8

Book edition 19th

Author(s) Roger Miller

Pages 753 pages

ISBN 9780134478777

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Short Answer

In what way do small talk and gossip represent the use of simplifying assumptions?

Small talk and gossips make the work smaller and are used to simplify assumptions.

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Step by Step Solution

TABLE OF CONTENTS :

TABLE OF CONTENTS

Step 1. Definition of Economics.

Economics refers to the satisfaction of wants by use of various alternative uses.

Step 2. Reason.

Small talk and gossip represent the use of simplifying assumptions because they are used as simple ways to reach a conclusion similar to assumptions.

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