Ceteris Paribus Means

question 212

Multiple Choice

Ceteris paribus means

• A) all men are created equal.
• B) wage parity between men and women is a worthy goal.
• C) there are an infinite number of factors affecting each human decision and they change all the time.
• D) economists isolate one or two factors that change when analyzing human decisions.

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Definitions:

Vertical Merger

A merger between companies in the same industry but at different stages of the production process, aiming to increase synergies and efficiency.

Antitrust Regulation

Laws and policies designed to promote fair competition for the benefit of consumers, by regulating anti-competitive practices and preventing monopolies in industries.

European Commission

An institution of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day business of the EU.

Exxon And Mobil

Refers to the merger between Exxon and Mobil, two major oil companies that combined in 1999 to form ExxonMobil, the largest privately owned oil company in the world.