Ceteris paribus is used in economics:
A) To help highlight the impact from the change in one economic variable.
B) Because in the real world only one variable changes at a time.
C) Because more than one variable changing at a time is extremely rare.
D) All of the above.
E) None of the above.
Correct Answer:
Verified
Q1: Opportunity cost is:
A)The sum of the value
Q2: Which statement is true?
A)The marginal benefit of
Q3: Opportunity costs:
A)Include both explicit and implicit costs.
B)Include
Q4: Suzie spends her Thursday afternoon sleeping.If she
Q5: A sunk cost:
A)Is the opportunity cost of
Q6: Elina is contemplating doing a degree.If she
Q7: Ceteris paribus means:
A)Only two variables are moving
Q8: Elina is contemplating doing a degree.If she
Q9: As an economist you observe that as
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