When Economists Use the Term Ceteris Paribus, They Indicate

question 101

Multiple Choice

When economists use the term ceteris paribus, they indicate

• A) the causal relationship between two economic variables cannot be determined.
• B) the analysis is true for the individual but not for the economy as a whole.
• C) all other factors are assumed to be constant.
• D) their conclusions are based on normative economics rather than positive economic analysis.

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Definitions:

Conscious Mind

The aspect of the mind that involves awareness of the self, the environment, and one's thoughts, feelings, and experiences at any given moment.

Preconscious Mind

The part of the mind containing information that is not currently in consciousness but can be brought to consciousness readily.

Parapraxis

A slip of the tongue, memory mistake, or mishap in action, often interpreted in psychoanalysis as revealing underlying unconscious thoughts or desires.

Freudian Slip

A verbal or memory mistake believed to be linked to the unconscious mind's suppressed thoughts or desires.