Multiple Choice
Ceteris paribus is used in economics:
A) To help highlight the impact from the change in one economic variable.
B) Because in the real world only one variable changes at a time.
C) Because more than one variable changing at a time is extremely rare.
D) All of the above.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which statement is true?<br>A)The marginal benefit of
Q3: Suzie spends her Thursday afternoon sleeping.If she
Q4: Elina is contemplating doing a degree.If she
Q5: Elina is contemplating doing a degree.If she
Q6: Opportunity cost is:<br>A)The sum of the value
Q7: A sunk cost:<br>A)Is the opportunity cost of
Q8: Ceteris paribus means:<br>A)Only two variables are moving
Q9: Opportunity costs:<br>A)Include both explicit and implicit costs.<br>B)Include
Q10: As an economist you observe that as