Asked by Vincent Zhang on Jun 03, 2024
Verified
The Latin phrase economists use that means all else equal is
A) ceteris paribus.
B) cogito ergo sum.
C) carpe diem.
D) caveat emptor.
Cogito Ergo Sum
A philosophical statement by René Descartes, which translates to "I think, therefore I am," used to demonstrate the existence of the self and consciousness.
Carpe Diem
A Latin aphorism usually translated as "seize the day," encouraging individuals to make the most of the present moment without concern for the future.
- Understand the significance of ceteris paribus in separating variables for analytical purposes.
Verified Answer
KS
Kennedy SettjeJun 09, 2024
Final Answer :
A
Explanation :
Ceteris paribus is a Latin phrase that means "all other things being equal" or "holding other things constant" and is commonly used in economics to isolate the effect of one variable on another.
Learning Objectives
- Understand the significance of ceteris paribus in separating variables for analytical purposes.
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