Ceteris paribus means
A) making all the necessary changes.
B) other things constant.
C) for certain parameters.
D) let the buyer beware.
Correct Answer:
Verified
Q187: The assumption that "other things are constant"
Q189: An economic model should capture
A) the essential
Q190: Holding all variables constant but one and
Q194: Which of the following statements is TRUE?
A)
Q196: Why is economics called an empirical science?
A)because
Q198: The ceteris paribus assumption is important in
Q200: One problem with constructing a perfectly complete
Q202: Economic models are
A)always based on laboratory methods
Q212: In an economic model, assumptions
A) must be
Q218: If two competing models are offered to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents