Ceteris Paribus Means

question 95

Multiple Choice

Ceteris paribus means

• A)Holding everything constant except for the variables you are interested in examining.
• B)Allowing the free market to decide,not government.
• C)Changing prices to see how demand or supply shifts.
• D)Holding constant the determinant of demand or supply that you are interested in examining.

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Definitions:

Instinctual

Behaviors or responses that are inherent and automatic, not learned through experience. These reactions are deeply embedded in an organism's biology.

Materials Task

A methodological approach in cognitive or developmental psychology that involves manipulating physical materials to assess cognitive processing or learning outcomes.

Years of Schooling

The total number of years that an individual has spent in formal education.

Inductive Reasoning

Reasoning that involves drawing conclusions that are suggested but are not necessarily true.