The assumption that nothing changes EXCEPT the variables being studied is
A) the ceteris paribus assumption.
B) the rationality assumption.
C) positive economic analysis.
D) normative economic analysis.
Correct Answer:
Verified
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
Q239: A scientist who is studying earthquakes includes
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
Q245: The value of a model is determined
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