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:

Organized

The state of being systematically arranged or structured, often referring to entities like groups or data that are orderly and coordinated.

Independent Contractor

An individual in business for themselves who provides goods or services to another entity under terms specified in a contract or within a verbal agreement.

Directly Controlled

Refers to a situation or system where decision-making authority and regulation are centrally managed and not delegated.

Specialized Expertise

Detailed knowledge or skill in a particular field or profession, often requiring advanced education or training.