Ceteris Paribus Means

question 24

Multiple Choice

Ceteris paribus means:

• A) Holding everything else constant.
• B) Allowing the free market to decide,not government.
• C) Changing prices to see how demand (or supply)shifts.
• D) Allowing the government to decide,not the market.

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Definitions:

Internal Source

Originating from within an organization or individual, as opposed to coming from external influences.

Workplace Diversity

The inclusion of a variety of people in a workplace, encompassing differences in race, ethnicity, gender, age, religion, ability, and sexual orientation.

Social Norms

Informal understandings that govern the behavior of members of a society, dictating how individuals are expected to behave in specific situations.

Global Economy

The economy in which resources, markets, and competition are worldwide in scope.