Ceteris Paribus Is

question 65

Multiple Choice

Ceteris paribus is:

• A) the Latin term for "all other things being the same."
• B) only necessary for the definition of the law of demand.
• C) often used by economists to isolate the effect of a multiple changes that are important.
• D) the Latin term for "as things change only consider these changes".

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Definitions:

Strategic Learning

A process of creating, acquiring, and transferring knowledge to adapt and evolve a business strategy.

Sustainability

Meeting current needs without compromising the ability of future generations to meet their needs, such as with efforts that protect the environment.

CSR Activities

Corporate Social Responsibility activities entail initiatives a company undertakes to assess and take responsibility for its effects on environmental and social wellbeing.

Leading Indicator

A measurable economic factor that changes before the economy starts to follow a particular pattern or trend, used to predict changes in economic activity.