The term ceteris paribus means that:
A) the causal relationship between two economic variables cannot be determined.
B) an analysis is true for the individual but not for the economy as a whole.
C) all other variables except the ones specified are assumed to be constant
D) conclusions are based on normative rather than on positive economic analysis.
E) one variable causes another to occur if certain conditions are satisfied.
Correct Answer:
Verified
Q60: Which of the following serves as the
Q61: Which of the following statements best illustrates
Q62: Which of the following is a statement
Q63: Economic theory asserts that manufacturers are willing
Q64: When one basketball team spends a large
Q66: Which of the following statements best illustrates
Q67: The importance of the ceteris paribus assumption
Q68: Which of the following is true of
Q69: A leading game console manufacturer reduces the
Q70: Which of the following statements best illustrates
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