The Purpose of the Ceteris Paribus Assumption Used in Economic

question 121

Multiple Choice

The purpose of the ceteris paribus assumption used in economic analysis is to:

• A) make sure that all relevant factors are considered.
• B) avoid making normative statements.
• C) avoid making positive statements.
• D) restrict the analysis to the effect of a single economic factor.

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Definitions:

Pinkeye

A common term for conjunctivitis, an inflammation or infection of the outer membrane of the eyeball and the inner eyelid.

Exotropia

A type of strabismus characterized by one or both eyes deviating outward, away from the nose.

Myopia

A condition of the eye where close objects appear clearly, but distant ones do not because of the shape of the eye, commonly known as nearsightedness.

IOL

Stands for Intraocular Lens, an artificial lens implanted in the eye to treat conditions like cataracts.