By using the ceteris paribus assumption in conjunction with a model, economists can
A) suspend the rationality assumption.
B) avoid having their model depend on any additional assumptions.
C) hold certain factors constant.
D) be sure that the model will predict correctly.
C
Economics
You might also like to view...
The opportunity costs perceived by decision makers determine
A) both demand and supply curves. B) demand curves. C) either demand or supply curves, but not both in the same case. D) supply curves.
Economics
Anti-trust law
a. has been used to create monopolies b. has been used to eliminate patents and copyrights c. has been used to maximize producer surplus d. should not be used to break up a monopoly that results from network externalities e. has been used to break up monopolies
Economics