Ceteris Paribus Means Allowing All Things to Change

question 89

True/False

Ceteris paribus means allowing all things to change.

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Definitions:

CITES

The Convention on International Trade in Endangered Species of Wild Fauna and Flora is a global agreement designed to guarantee that the international trading of wildlife species does not endanger their existence.

Endangered Species

Animal or plant species at risk of extinction due to factors like habitat destruction, pollution, or overhunting.

International Trade

The exchange of goods, services, and capital between countries and territories, influenced by international agreements, tariffs, and economic policies.

Precautionary Principle

A strategy to cope with possible risks where scientific understanding is yet incomplete, favoring preventive action in the face of uncertainty.