Refer to Table 22-4. In the table above, which countries are consistent with the predictions of the economic growth model?
A) Japan and Guatemala B) only Japan
C) Botswana and Thailand D) all four countries
C
Economics
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The other-things-constant assumption
a. allows the economist to make useful predictions b. is a prediction c. applies only to consumers' decisions, not to those of firms d. forces the economist to ignore reality, where things are constantly changing e. implies rational self-interest on the part of all economic actors
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The U.S. economy rarely grows
a. True b. False Indicate whether the statement is true or false
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