A scientist who is studying earthquakes includes the impact of wind when performing some tests of damages to structures. This is an example of
A) failing to understand how to do scientific methodology.
B) irrational behavior in noneconomic situations.
C) accounting for every possible phenomena that may effect the problem under examination.
D) failing to hold all other things constant.
Correct Answer:
Verified
Q234: Because models are used to explain economic
Q235: In constructing models, economists
A) consider all factors
Q236: Economics is an empirical science, which means
Q237: Ceteris paribus means
A) other variables are held
Q238: Economic models relate to
A) people's choices.
B) how
Q240: The assumption that nothing changes EXCEPT the
Q241: Economic models
A) must capture every detail or
Q242: What would lead an economist to conclude
Q243: Ceteris paribus means
A) all men are created
Q244: Behavioral economics deals with
A) the assumption that
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