Examlex
The name of the following compound is:
Normative Economic Statements
Statements that reflect an opinion or judgment about what ought to be in the economy, focusing on what should happen or what ought to be.
Microeconomics: A Contemporary Introduction
An educational resource that provides an updated overview of the principles and applications of microeconomics.
Ceteris Paribus Assumption
The assumption used in economics that all other variables are held constant when analyzing the effect of one variable on another.
Behavioral Assumption
An assumption that describes the expected behavior of economic decision makers, what motivates them.
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