By Using the Ceteris Paribus Assumption in Conjunction with a Model

question 265

Multiple Choice

By using the ceteris paribus assumption in conjunction with a model, economists can

• A) suspend the rationality assumption.
• B) avoid having their model depend on any additional assumptions.
• C) hold certain factors constant.
• D) be sure that the model will predict correctly.

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Definitions:

Amphibians

A class of cold-blooded vertebrates that includes frogs, toads, salamanders, and newts, primarily living in moist environments.

Birds

Warm-blooded vertebrates characterized by feathers, beak with no teeth, laying hard-shelled eggs, and a high metabolic rate; members of the class Aves.

Interbreed

To mate or cross different breeds, varieties, or species of organisms, often resulting in hybrid offspring.

Population

A group of individuals of the same species living and interacting within a particular area.