Author Question: By using the ceteris paribus assumption in conjunction with a model, economists can A) suspend ... (Read 61 times)

bio_gurl

  • Hero Member
  • *****
  • Posts: 524
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.

Question 2

Labor productivity increases when
 
  A) the average number of hours people work goes up.
  B) the unemployment rate decreases.
  C) the average output produced per worker during a specified time period increases.
  D) the average output produced per worker during a specified time period decreases.



Athena23

  • Sr. Member
  • ****
  • Posts: 305
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

For a complete list of videos, visit our video library