The term "ceteris paribus" means that:
A. everything is variable.
B. all variables except those specified are constant.
C. no one knows which variables will change and which will remain constant.
D. what is true for the individual is not necessarily true for the whole.
Answer:B
The term "ceteris paribus" means that:
A. everything is variable. B. all variables except those specified are constant. C. no one knows which variables will change and which will remain constant. D. what is true for the individual is not necessarily true for the whole.
Explanation: Type: Multiple Choice Difficulty: Medium Category: Remember