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Economics
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The Latin expression ceteris paribus means

a. having made all other necessary changes.

b. holding constant all other variables.

c. assuming all households have similar incomes.

d. given the level of income in the economy.

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Garima Menon
Garima MenonLv7
27 Jan 2021

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Related questions

11) The Latin term ceteris paribus means A) "The whole is not the sum of the parts." B) "Innocent until proven guilty." C) "Fallacies are composed." D) "Compositions are fallacious." E) "If all other relevant things remain the same."

1. Which of the following would not be classified as an economic-environmental factor?

a. Natural resource endowments.

b. The size of the economy.

c. The nature of decision-making arrangements.

d. The economy's per capita income.

e. The economy's labor force.

 

2. If one finds that the planned socialist economies all have higher growth rates than capitalist countries, this shows that

a. planned socialism necessarily produces higher growth than capitalism.

b. planned socialism may produce higher growth than capitalism, ceteris paribus.

c. capitalism may produce higher growth than planned socialism, ceteris paribus.

d. capitalism necessarily produces higher growth than planned socialism.

e. both b and c are correct.

 

3. National priorities tend to be

a. the same for countries that have similar economic systems.

b. the same for all countries.

c. different for different countries.

d. completely unknown.

e. none of the above.

1. Which of the following would not be classified as an economic-environmental factor? a. Natural resource endowments b. The size of the economy c. The nature of decision-making arrangements d. The economy’s per capita income e. The economy’s labor force

2. If one finds that the planned socialist economies all have higher growth rates than capitalist countries, this shows that a. planned socialism necessarily produces higher growth than capitalism. b. planned socialism may produce higher growth than capitalism, ceteris paribus. c. capitalism may produce higher growth than planned socialism, ceteris paribus. d. capitalism necessarily produces higher growth than planned socialism. e. both b and c are correct.

3. National priorities tend to be a. the same for countries that have similar economic systems. b. the same for all countries. c. different for different countries. d. completely unknown. e. none of the above.

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