1.1.1 Economics As A Social Science Flashcards
1
Q
Economic Model
A
A simplified version of reality designed to yield a hypothesis which can be tested
2
Q
Ceteris Parabus
A
All other things remain equal
Economics > 1.1.1 Economics As A Social Science > Flashcards
Economic Model
A simplified version of reality designed to yield a hypothesis which can be tested
Ceteris Parabus
All other things remain equal