Behavioral assumptions
A) make economic models more complex than if these assumptions were removed
B) pertain only to consumers
C) hold all other things constant
D) are ways to test a hypothesis
E) describe how individuals are expected to behave
Correct Answer:
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Q100: Theory seeks to
A)simplify a complex reality
B)confront reality
Q101: In an economic model of consumer behavior,
Q102: Economic theory
A)expresses normative values
B)invents imaginative and interesting
Q104: The other-things-constant assumption
A)allows the economist to make
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A)includes
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