The Latin phrase ceteris paribus means
A) The production possibilities curve never shifts.
B) Laissez faire.
C) Other things remain equal.
D) The invisible hanD.With so many variables in economics,it's usually best to isolate their movements and impacts,without the complications of everything else changing as well.
Correct Answer:
Verified
Q46: Microeconomics is concerned with issues such as
A)The
Q47: Which of the following has occurred when
Q50: When the invisible hand does not produce
Q51: Macroeconomics focuses on the performance of
A) Individual
Q52: A mixed economy
A)Is justified by the superiority
Q53: Q57: Government intervention may achieve a more optimal Q58: The study of microeconomic theory focuses on Q58: Economic models are used by economists to Q61: ![]()
A)Predict![]()
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