Economists Use the Term "Ceteris Paribus" to Indicate That

question 60

Multiple Choice

Economists use the term "ceteris paribus" to indicate that:

• A)​the analysis is true for the individual but not for the economy as a whole.
• B)​supply and demand are in balance.
• C)​their conclusions are based on normative rather than positive economic analysis.
• D)​other things are assumed to remain constant.

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Definitions:

President Wilson

Refers to Woodrow Wilson, the 28th President of the United States (1913-1921), known for leading the country through World War I and advocating for the League of Nations.

Congress

The United States' legislative authority, which is divided into the Senate and the House of Representatives.

Sedition Act

Historical laws enacted by governments to prevent dissent against authority, typically covering actions such as speaking, writing, or organizing against the government.

Americanization

A cultural assimilation process by which people or groups adopt American attributes, including customs, culture, and language.