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:

Asexual Reproduction

A reproductive process that involves only one parent and produces offspring genetically identical to the parent.

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, contributing to variations within a population.

Random Segregation

The process during meiosis where chromosomes are randomly distributed to daughter cells, ensuring genetic diversity.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that have the same structure and sequence of genes but can have different alleles for the same genes, one inherited from each parent.