What Is the Difference Between Rationalist Methods and Constructivist Methods

question 75

Multiple Choice

What is the difference between rationalist methods and constructivist methods?

• A) Rationalist methods see causation as mutual, while constructivist methods see causation as sequential.
• B) Rationalist methods apply labels to facts, while constructivist methods do not.
• C) Rationalist methods see causation as sequential, while constructivist methods see causation as mutual.
• D) Rationalist methods posit that events are caused by external factors, while constructivist methods assert that events are caused by both external and internal factors.

---

Definitions:

Substitution Effect

The substitution effect occurs when consumers replace more expensive items with less costly alternatives.

Income Effect

A change in the quantity demanded of a good or service as a result of a change in real income (purchasing power).

Inferior Good

A type of good for which demand declines as the income of individuals or the economy increases, opposite to normal goods.

Substitution Effect

The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute a cheaper good for a more expensive one.