Author Question: In order to study how changing price affects consumer decisions, we must assume all other factors, ... (Read 87 times)

pane00

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In order to study how changing price affects consumer decisions, we must assume all other factors, such as income and the prices of other goods are constant. This assumption is best know as
 
  A) rationality.
  B) ceteris paribus.
  C) normative economics.
  D) behavioral economics.

Question 2

Which of the following will NOT cause the public debt to change?
 
  A) collection by the government of 200 billion more in taxes than it spends
  B) government budget deficit
  C) government budget surplus
  D) balanced budget



Heffejeff

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Answer to Question 1

B

Answer to Question 2

D



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