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Author Question: In order to study how changing price affects consumer decisions, we must assume all other factors, ... (Read 98 times)

pane00

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on: Jun 29, 2018
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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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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