Multiple Choice
Which of the following is true?
A) Virtually all theories in economics are expressed using a ceteris paribus ("let everything else be equal" or "holding everything else constant") assumption.
B) The fallacy of composition is that, even if something is true for an individual, it is not necessarily true for many individuals as a group.
C) One must always be careful not to confuse correlation with causation.
D) All of the above are true.
Correct Answer:

Verified
Correct Answer:
Verified
Q173: Scarcity is:<br>A)only a problem in modern industrialized
Q174: Economics is the study of how people
Q175: Which of the following contains only normative
Q176: Darla is surprised to find that the
Q177: Which of the following is a statement
Q179: Why is prediction in social sciences like
Q180: Which of the following statements is most
Q181: The basic difference between macroeconomics and microeconomics
Q182: Which of the following are likely to
Q183: Macroeconomic topics do not usually include:<br>A)the rate