"Ceteris paribus" assumption means
A) the role of rational self-interest in the economy.
B) that nothing else changes except the variables under consideration.
C) relying on real-world data in evaluating the usefulness of a model.
D) analysis that is strictly limited to making purely positive statements.
Correct Answer:
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Q224: Which of the following is NOT an
Q225: A poll conducted by a national firm
Q226: In building a model the assumption that
Q227: The ceteris paribus assumption means
A) favors are
Q228: In building a model to analyze economic
Q230: Ceteris paribus means
A) "all variables are independent."
B)
Q231: If psychological limitations and other complications cause
Q232: A theory or a model
A) is a
Q233: If economists are making the assumption that
Q234: Because models are used to explain economic
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