The "other-things-constant" assumption is also known as:
A) ceteris paribus.
B) prediction.
C) normative.
D) variable.
E) positive.
Correct Answer:
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Q71: When constructing an economic model,economists:
A)rely mostly on
Q77: Which of the following is an accurate
Q106: An economic model is useful if it
A)includes
Q111: Exhibit 1.3 Q112: All economic models must involve simplifications because: Q113: Exhibit 1.3 Q115: The "other-things-constant" assumption: Q116: Economic theories are: Q118: An economic theory seeks to: Q119: Exhibit 1.3 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A)
A) allows an economist to
A) useful because they are
A) distort reality
