If an Economist Finds That When Consumer Incomes Increase, Consumers

question 116

Multiple Choice

If an economist finds that when consumer incomes increase, consumers buy more cars, Ceteris paribus , then  the economist is assuming

• A) the price of cars must be decreasing.
• B) all other things remain constant.
• C) the price of gas must be decreasing.
• D) the interest rate on car loans must be decreasing.

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Definitions:

Sociobiology

A scientific field that explores the biological basis of social behavior in animals and humans.

Evolutionary Sociology

An approach within sociology that uses evolutionary theory to understand the development and variations of social structures, practices, and institutions over time.

Darwinian Sociology

An approach in sociology that applies the principles of Darwin's theory of natural selection to the study of social behavior and structures.

Evolutionary Psychology

A relabelled form of sociobiology that argues that Darwinian inheritance can explain contemporary human behaviour.