What Do Economists Aim to Achieve When They Use the Other-Things-Constant

question 46

Multiple Choice

What do economists aim to achieve when they use the other-things-constant assumption?  

• A) to make useful predictions 
• B) to focus on the role of incentives 
• C) to focus only on consumers' decisions, and NOT on those of firms 
• D) to ignore reality, where things are constantly changing

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Definitions:

Colonial War

A conflict between colonial powers and native populations or between two colonial powers, often for control of territories or resources.

Post-imperial Conflict

Conflicts or tensions that arise after the dissolution or decline of an empire, often concerning former colonies or territories.

Civil War

A war between factions or regions within the same country, often characterized by internal conflict over political, social, or economic issues.

Public Opinion

The aggregate of individual attitudes or beliefs held by the adult population on any given issue or topic.