Ceteris Paribus Means

question 117

Multiple Choice

Ceteris paribus means

• A) in sets of two.
• B) constant opportunity cost.
• C) other things being equal.
• D) buyer beware.
• E) there is no reason to argue about people's tastes.

---

Definitions:

Transfer Payment

Payments made by governments to individuals without any goods or services being exchanged, such as social security benefits.

Social Security

A government program that provides monetary assistance to people with an inadequate or no income.

Welfare System

A government program designed to support individuals and families in need, providing financial assistance, healthcare, and social services.

Adequate Employment

Adequate employment refers to employment situations where individuals have jobs that sufficiently utilize their skills, offer fair compensation, and provide stable working conditions.