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  3. question 2 using an example explain the importance of the...

Question: question 2 using an example explain the importance of the...

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QUESTION 2

  1. Using an example, explain the importance of the “ceteris paribus” assumption.    1.5 Marks
  1. Assume the amount of beer consumed in the pubs of Melbourne and the amount of rice eaten in the Melbourne restaurants have both been increasing over the last 20 years. Use these two events to highlight the difference between the concepts of correlation and causation.     1.5 Marks

 

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