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When economists use the "other things constant" assumption, also known as ceteris paribus, they are trying to isolate the effect of one variable on another by holding all other relevant factors constant. This allows for a clearer analysis of cause-and-effect relationships without the complicating influence of simultaneous changes in other variables. By simplifying the complex interactions in the economy, economists can better understand specific relationships and make more accurate predictions.
What else can I help you with?
What is the basic question economists try to answer?
i don't know, i'm trying to find that out as well ..
Why do environmentalist and economists clash?
As with most arguments, this is a complex disagreement. Environmentalists believe that it is a company's duty to preserve the environment. Even though a company might have to pay more, it should opt for using renewable energy, recyclable materials, or more efficient machinery. However, economists believe that trying to minimize one's carbon footprint will be a financial disadvantage. They think that even though "green" techniques will benefit the environment, it will cost the company more, and it will lessen their profits. Thus, as companies try to find the balance between environmentally-friendly and cost-efficient, environmentalists and economists continue to battle it out.
What is the meaning of bottleneck?
A bottleneck is a chokepoint, or a spot where things slow down. Imagine 100 people trying to all go through one small door at the same time. That would be a bottleneck.
What is the exchange rate from curos Ireland currency to US dollars?
www.xe.com for current exchange rates the person who did this does not know the answer that is y i don't edit things when i don't know the answer bc then people get the answer they are trying to furger out wrong
Can you write me a persuasive letter in promoting renewable energy?
No, WikiAnswers will not do your homework for you. That's cheating. Make a list of all the positive things about renewable energy -- you're going to have to do some work and research this using your textbook! -- now pretend you're telling a friend all about these things and trying to convince them to use renewable energy. There's your letter.
What is the basic question economists try to answer?
i don't know, i'm trying to find that out as well ..
If one were trying to prove that an angle is right by indirect proof what should the initial assumption be?
The initial assumption is "that it is NOT a right angle"
Which logical fallacy makes the assumption that youre trying to prove is a fact?
begging the question.
Why were Sumerians at constant war?
because other countries were trying to take over.
Where in the world get 6 months of constant darkness and why?
Thats what im trying to find out!!!!
What are the symptoms of diabetes mellitus?
Symptoms of Mellitus Diabetes are: Constant thirst, Constant hunger, Frequent urination, sudden weight loss (without trying to!), weird, yet nice breath smell.
When would a critical reading be most called for?
When you're trying to tease every important fact, assumption, and nuance out of some written material. -- APEX
What does the constant of proportionality mean?
Ah, the constant of proportionality, fancy lingo for the number that relates two directly proportional quantities. It's like the glue holding those two variables together in a nice linear relationship. So, basically, it's the magic number that keeps things in balance, like a referee making sure everyone plays fair in the world of math.
What does Tinkerbell love?
trying new things
Which Presidential candidate do economists prefer?
Recent surveys show that obama is heavily favored by economists, although most economists are democrats so there might be some bias there. If you look at economists that are outside the beltway area they were heavily in favor of McCain. The media had such a bias toward Obama that they would ask and report only the people inside the beltway and they would be going for Obama. This had nothing to do with his economic plan because it changed some many times over the last month. These same economist are trying to tell us that Obama will not raise all the taxes he promised during the campaign just because they say so I guess
Who held that trying to do well and trying to beat others are two different things?
Alfie Kohn
How do you know things without trying?
common cense
