Behavioral Assumptions

question 7

Multiple Choice

Behavioral assumptions:

• A) make economic models more complex than if these assumptions were removed.
• B) pertain only to consumers.
• C) hold all other things constant.
• D) are ways to test a hypothesis.
• E) describe what motivates decision makers.

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Definitions:

Scientific Explanation

A rationale based on evidence and reasoning to explain natural phenomena or experimental results.

Scientific Method

A systematic process for carrying out research and experimentation, involving observation, hypothesis formulation, experimentation, and conclusion.

Taxonomy

Naming and classifying species in a systematic way.