THE PURPOSE OF THE CETERIS PARIBUS ASSUMPTION USED IN ECONOMIC ANA...

29. - TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
TEST BANK FOR ESSENTIALS OF ECONOMICS 3RD EDITION BY BRUE
29. The purpose of the ceteris paribus assumption used in economic analysis is to:make sure that all relevant factors are considered.avoid making normative statements.avoid making positive statements.→ restrict the analysis to the effect of a single economic factor. AACSB: AnalyticBlooms: RememberDifficulty: 1 EasyLearning Objective: 01-02 Describe the role of economic theory in economics.Multiple Choice Question Topic: Theories, principles, and models