What does the phrase ceteris paribus mean?
A) The teacher has said it.
B) out of many, one
C) Let the buyer beware.
D) other things being equal
Correct Answer:
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Q27: A model is best defined as a:
A)
Q29: Which Latin phrase meaning "other things remaining
Q30: When an economist invokes the ceteris paribus
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Q32: What model is used by economists to
Q33: What combinations of production are efficient in
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