To Isolate the Impact of One Single Factor, Economists Invoke

question 12

Multiple Choice

To isolate the impact of one single factor, economists invoke the assumption of

• A) inductive reasoning.
• B) Ockham's razor.
• C) ceteris paribus.
• D) post hoc, ergo propter hoc.

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Definitions:

Karawynn Long

an author and blogger known for her work on personal finance and minimalism, but without widely recognized contributions outside these topics.

Shaping

A method of behavior training in which successive approximations towards a desired behavior are reinforced.

Observational Learning

A learning process through observing and mimicking the behavior of others.

Bandura's Theory

A psychological concept developed by Albert Bandura that emphasizes learning through observation and imitation of others' behavior.