Multiple Choice
The other-things-constant assumption
A) allows the economist to make useful predictions
B) is a prediction
C) applies only to consumers' decisions, not to those of firms
D) forces the economist to ignore reality, where things are constantly changing
E) implies rational self-interest on the part of all economic actors
Correct Answer:

Verified
Correct Answer:
Verified
Q141: Resources are used only in the production
Q142: A model that sometimes makes incorrect predictions
Q143: Japan has more vending machines per capita
Q144: Macroeconomics is the study of<br>A)the behavior of
Q145: Economic theory allows us to predict the
Q147: Most of the disagreement among economists involves
Q148: A rational decision maker will engage in
Q149: The fallacy of composition is the error
Q150: Economists believe that people respond in a
Q151: When people are assumed to implicitly calculate