The Latin Expression Ceteris Paribus Means

question 1

Multiple Choice

The Latin expression Ceteris paribus means:

• A) everything else being equal.
• B) economic model.
• C) economists are partly right.
• D) partial scarcity is certain.

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Definitions:

Framework

A basic structure underlying a system, concept or text.

Hypnosis

A trance-like state of focused attention and increased suggestibility, often used for therapeutic purposes.

Remote Events

Occurrences or happenings that take place at a significant distance or time from the present.

Eyewitness Testimony

Testimony provided by individuals who witness a specific event or crime, relying on their memory to report what they observed.