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Suppose we find that there is a correlation between the cleanliness of a student's room and how much time that student spends studying.By itself, this would not prove that having a clean room causes students to study longer, because there could be a confounding variable.What is the most likely candidate?
Causation
A relationship where one event (the cause) directly leads to the occurrence of another event (the effect).
Ceteris Paribus
A Latin term used in economics to mean "all other things being equal," isolating one economic variable to analyze its effect.
Normative Economics
A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like, focusing on policy prescriptions and outcomes.
Unintended Consequences
Outcomes that are not the ones foreseen or intended by a purposeful action, often contrasting with the action’s intended effects.
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