Question 11 2 2 pts The ceteris paribus assumption is important in economics

Question 11 2 2 pts the ceteris paribus assumption is

This preview shows page 4 - 7 out of 11 pages.

Question 112 / 2 pts The ceteris paribus assumption is important in economics becauseCorrect!Correct!Correct!Correct!Correct!Correct!all empirical data are equal.it would be impossible to relate the effects of changes in one variable on another without holding some variables constant.economic data move very slowly over time and so they can always be considered constant.models are always complex and require as many variables as possible.Question 122 / 2 pts The term ceteris paribus meansthe greatest good for all.the study of scarcity and choice.all other things remaining constant or equal.value-free and testable.Question 132 / 2 pts A relationship between two variables in which one variable increases at the same time as the other decreases is callednonlinear relationshipconstant relationshipnegative or inverse relationshippositive or direct relationship
Background image
Correct!Correct!Correct!Correct!Correct!Correct!A positive relationship occurs whenthe two variables being compared change in opposite directions, or when one goes up the other goes down.a change in one of the variables causes a change in the other variable in any direction.the two variables being compared change in the same direction, or when one goes up the other also goes up.the two variables have no identifiable relationship with each other.Question 152 / 2 pts Which of the following statements is a positive economic statement?The number of families living in poverty in the United States is too high.One in every five children in the United States is living in poverty.Government programs to help the poor are just making problems worse.Increases in poverty rates signify a deterioration of the U.S. economy.Question 162 / 2 pts "If the United States enters a war in the Middle East, the economy will go into a recession" is an example ofa positive statement.an easy to prove statement.a normative statement.a factual statement.
Background image
Correct!Correct! Correct!Correct!Correct!Correct!Correct!Correct!NebraskaVirginiaBoth of the aboveNone of the aboveonly in economic systems that are just beginning to develop, because specialized resources are scarce in developing nations.
Background image
Image of page 7

You've reached the end of your free preview.

Want to read all 11 pages?

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes