What Does the Term "Ceteris Paribus" Mean When Used by an Economist

question 279

Multiple Choice

What does the term "ceteris paribus" mean when used by an economist?

• A) Their conclusions are based on normative rather than positive economic analysis.
• B) The causal relationship between two economic variables cannot be determined.
• C) The analysis is True for the individual but not for the economy as a whole.
• D) All other variables except the ones specified are assumed to be constant.

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Definitions:

Operations Manager

An individual responsible for overseeing, designing, and controlling the process of production and redesigning business operations.

Long-Term Health

The aspect of health that considers the enduring well-being and medical conditions of an individual or population over an extended period.

Project Scope

The specific goals, deliverables, tasks, costs, and deadlines of a project.

Scope Change

Any alteration to the agreed objectives, deliverables, or timelines of a project after the project plan has been approved.