The Term Ceteris Paribus Is an Economic Assumption That Means

question 95

Multiple Choice

The term ceteris paribus is an economic assumption that means

• A)let the buyer beware.
• B)common sense is reality.
• C)the detail is in the interrelationship.
• D)other things being equal.

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Definitions:

Real-Time Processing

The processing of database transactions in which the database is updated while the transaction is taking place.

Transactions

A unit of interaction with a database management system or an agreement between two or more parties to exchange services, goods, or financial instruments.

Data Mining

The process of analyzing large datasets to discover patterns, trends, and relationships.

Significant Patterns

Identifiable repetitions or sequences within data that hold relevance or importance to understanding a situation or solving a problem.