This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In building a model to analyze economic situations, one of the important assumptions is A) ... (Read 136 times)

jerry coleman

  • Hero Member
  • *****
  • Posts: 570
on: Jun 29, 2018
In building a model to analyze economic situations, one of the important assumptions is
 
  A) ceteris paribus.
  B) scarcity.
  C) conversion abstraction.
  D) cognitive dissonance.

Question 2

Mary increases her consumption of Good X after the price of Good Y decreased. For Mary
 
  A) Good X and Good Y are substitutes.
  B) Good X and Good Y are complements.
  C) Good X is an inferior good.
  D) Good Y is an inferior good.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sierrahalpin

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


jerry coleman

  • Member
  • Posts: 570
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Heart Model Heart Model
The leaky-barrel model: a settling-point model of eating and body weight homeostasis. The leaky-barrel model: a settling-point model of eating and body weight homeostasis.
Ethical Decision-Making Model Ethical Decision-Making Model
A current model for protein secretion by prokaryotes A current model for protein secretion by prokaryotes
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
economic question economic question
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library