Ceteris Paribus Is the Latin Expression Meaning

question 53

Multiple Choice

Ceteris paribus is the Latin expression meaning

• A) other variables are held fixed.
• B) let buyer beware.
• C) think at the margin.
• D) for every action there is an equal and opposite reaction.

---

Definitions:

Increase Value

The process of enhancing the worth or utility of a product, service, or asset.

Resource Value

Refers to the economic value assigned to natural or human resources based on their utility in producing goods and services.

Business Start-Ups

New ventures initiated by entrepreneurs aiming to meet a marketplace need or to offer an innovative product or service.

Business Failures

Occurrences when companies cease operations due to financial problems, lack of demand, mismanagement, or other factors, sometimes resulting in bankruptcy.