Behavioral Assumptions

question 53

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 how individuals are expected to behave

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Definitions:

Real-life Phenomena

Events, situations, or experiences that occur in the natural world, as opposed to those created or simulated in controlled environments.

Epidemiology

Study of the frequency and distribution of a disorder, or a group of disorders, in a population.

Frequency

The rate at which something occurs or is repeated over a particular period of time or in a given sample.

Distribution

In statistics, a way of describing the observations of a variable, including their spread and central tendency.