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:

Cooperative

Pertaining to a willingness or tendency to work together towards a common goal or benefit.

Interdependent

A relationship in which each member is mutually dependent on the others, often used to describe social or economic systems.

Rights

Entitlements or permissions typically upheld by legal systems and ethical principles, granting individuals the ability to perform certain actions or be treated in specific ways.

Freedoms

The power or right to act, speak, or think as one wants without hindrance or restraint.