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:

Temperance

A social movement aimed at reducing or eliminating the consumption of alcoholic beverages due to the belief that alcohol abuse leads to social, moral, and medical issues.

Prohibition

A period in the early 20th century when the sale, production, and transportation of alcoholic beverages were banned in the United States.

International Movement

A coordinated effort that crosses national boundaries, aimed at promoting or resisting change in social, political, or economic spheres on a global scale.

Gold Standard

A monetary system where a country's currency or paper money has a value directly linked to gold.