Author Question: By using the ceteris paribus assumption in conjunction with a model, economists can A) suspend ... (Read 81 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?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

For a complete list of videos, visit our video library