The "Holding All Other Independent Variables Constant" Condition Is Important

question 2

Multiple Choice

The "holding all other independent variables constant" condition is important

• A)to ensure that we are correctly estimating marginal effects.
• B)because it comes at the end of every definition in economics.
• C)because economists want to know how a change in the dependent variable affects the independent variable.
• D)to ensure that the error term is correlated with the independent variables.

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Definitions:

Ml

Milliliter, a unit of volume in the metric system equal to one thousandth of a liter.

Ounces

A unit of weight in the avoirdupois system, equivalent to 1/16th of a pound or approximately 28.35 grams.

Convert

To change something into a different form or property, often referring to religious belief, energy forms, or data formats.

Ceclor

An antibiotic medication used to treat various bacterial infections by stopping the growth of bacteria.