The term ceteris paribus is an economic assumption that means
A) let the buyer beware.
B) logical common sense.
C) the detail is in the interrelationship.
D) other things being equal.
Correct Answer:
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Q255: Assumptions are necessary to
A) make economics a
Q257: Which of the following statements about economic
Q258: A common approach that economists use to
Q259: Economic models are used to
A) simplify reality
Q260: Why do economists test their hypotheses?
A) to
Q261: What does it mean to say economics
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