Ceteris Paribus Means

question 169

Multiple Choice

Ceteris paribus means

• A)"all variables are independent."
• B)"other things being equal."
• C)"some assumptions must be accepted without proof."
• D)"some theories are not rational."

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Definitions:

Absolute Poverty

The failure to meet the basic needs of life, including adequate food, clean water, and shelter.

Social Inequality

In a society or group, there are imbalanced chances and advantages for different social positions or statuses.

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, often resulting in cultural exchange and interconnected economies.

Poverty

The state of having insufficient financial resources to meet basic living expenses such as food, shelter, and healthcare.