Suppose an Economist Tests the Theory That When the Price

question 119

Multiple Choice

Suppose an economist tests the theory that when the price of leather increases, fewer pairs of shoes are produced. He observes more shoes being produced when the price of leather increases. At the same time, a new production technology allowed for more shoes to be produced in less time. He has

• A) has confused association and causation.
• B) cannot test his theory because his observations violate the ceteris paribus assumption.
• C) used normative economics to answer a positive question.
• D) built a model with too many variables .

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Definitions:

Intel Processors

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Different mechanical and electrical interfaces used for connecting a CPU to a motherboard, varying based on the physical layout, pin count, and other specifications.

LGA

Land Grid Array, a type of CPU socket or chipset that features pins on the socket rather than on the chip, used to connect a microprocessor to a motherboard.

Blu-Ray DL

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