Which of the Following Statements Is the Best Example of the Term

question 237

Multiple Choice

Which of the following statements is the best example of the term ceteris paribus?

• A)The government budget surplus was $200 billion in 2000 because the economy was growing.
• B)When studying the effects of a budget deficit,an economist must take account of all the factors involved.
• C)More money should be spent on cleaning up the environment.
• D)An economist holds other factors constant when he examines the relationship between tax rates and tax revenues.
• E)An increase in the budget surplus after an increase in tax rates implies that tax rate increases cause budget surpluses.

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Definitions:

Unsought Products

Goods or services that consumers do not typically shop for until a need arises, often requiring significant marketing effort to sell.

Symbolic Characteristics

Features or aspects of objects, actions, or events that represent particular meanings or values beyond their literal sense.

Service

In economics and business, services refer to intangible products that are produced and consumed simultaneously, offering value such as entertainment, advice, access, or a temporary benefit.

Physical

Refers to material objects, things that occupy space and can be perceived by the senses.