The Term Ceteris Paribus Means That

question 99

Multiple Choice

The term Ceteris paribus means that:

• A) the model includes all important variables occurring in the real world.
• B) all factors which influence the event are changing at the same time.
• C) one influence is changing and everything else is being held constant.
• D) the consumer is king.

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Definitions:

Macaroni Salad

A type of salad typically made from cooked macaroni pasta and a variety of other ingredients, mixed in a mayonnaise-based dressing.

Quarts

A unit of liquid volume measurement in the United States, equivalent to a quarter of a gallon or approximately 0.946 liters.

Delicatessen

A retail establishment that sells a selection of fine, unusual, or foreign prepared foods, including meats, cheeses, and specialty dishes.

Miles

A unit of distance measuring 5,280 feet, or approximately 1.609 kilometers.