Which of the Following Statements Is the Best Example of the Term

question 254

Multiple Choice

Which of the following statements is the best example of the term ceteris paribus?

• A) An economist holds other factors constant when he examines the relationship between tax rates and tax revenues.
• B) More money should be spent on cleaning up the environment.
• C) The government budget surplus was $200 billion in 2000 because the economy was growing.
• D) An increase in the budget surplus after an increase in tax rates implies that tax rate increases cause budget surpluses.
• E) When studying the effects of a budget deficit, an economist must take account of all the factors involved.

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Definitions:

First Cause

A philosophical and theological concept referring to the initial cause of the universe, often discussed in arguments for the existence of God or a prime mover.

Aquinas

A medieval philosopher and theologian, Thomas Aquinas is known for integrating Aristotelian philosophy with Christian doctrine, emphasizing ethics, natural law, and metaphysics.

Spirituality

The sense of connection to something bigger than oneself, often involving a search for meaning in life.

Religions

Organized systems of beliefs, practices, and rituals related to the divine or sacred, aimed at giving meaning to life or understanding the universe.