The Latin Term "Ceteris Paribus" Means

question 58

Multiple Choice

The Latin term "ceteris paribus" means

• A) that if event A precedes event B, A has caused B.
• B) that economics deals with facts, not values.
• C) other things equal.
• D) prosperity inevitably follows recession.

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Definitions:

Traded Asset

An asset that is bought and sold in financial markets, such as stocks, bonds, commodities, or currencies.

Capital Expenditure

Capital invested by an enterprise in procuring or upgrading solid assets such as land, manufacturing facilities, or hardware.

Equity Account

An account representing the owner's interest in the company, calculated as total assets minus total liabilities.

Intangible Asset

An asset that lacks physical substance, such as copyrights, trademarks, patents, and goodwill.