The assumption that "all other things remain constant" is also known as the
A) rational self-interest assumption.
B) ceteris paribus assumption.
C) relationships assumption.
D) distinguishing characteristic of economics as a science.
Correct Answer:
Verified
Q90: Which of the following is an application
Q91: Another term for an "economic model" is
Q92: Giving money to a charity is rational
Q93: Using the ceteris paribus condition involves
A)making all
Q94: In an economic model,assumptions
A)must be applicable to
Q96: If a government wishes to make the
Q97: Ceteris paribus means
A)making all the necessary changes.
B)let
Q98: One reason why economists use models in
Q99: The term ceteris paribus means
A)all other things
Q100: A simplified representation of the real world
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