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.
Critical Thinking Model
Economic activity as viewed by environment and ecological economists
Steady State in the Two-Country Model
Opener Model showing how the lac repressor and catabolite-activating protein
The attenuation model regulating the tryptophan operon
The X-linked genetic model of Morgan’s eye-color inheritance