The Latin Phrase Economists Use That Means All Else Equal

question 210

Multiple Choice

The Latin phrase economists use that means all else equal is

• A) ceteris paribus.
• B) cogito ergo sum.
• C) carpe diem.
• D) caveat emptor.

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Definitions:

Base Rates

Base rates are the general prevalence or frequency of an event, characteristic, or outcome within a given population, used in making statistical predictions and judgments.

Celebrations

These are events marked by festive activities and ceremonies to honor significant occasions or achievements.

Problem-Solving Ability

The capacity to find solutions for difficult or complex issues, which involves critical thinking and often creative strategies.

Written Exam

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