Ceteris paribus is the Latin expression for O a. The eror of reasoning that a first event causes a second event because the first event occurred before the second event. O b. An expression that means "other things being equal." O c. None of the answers O d. A statement about the way the economic world ought to be.

Ceteris paribus is the Latin expression for O a. The eror of reasoning that a first event causes a second event because the first event occurred before the second event. O b. An expression that means "other things being equal." O c. None of the answers O d. A statement about the way the economic world ought to be.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 22CTQ: What assumptions about the economy must he true for the invisible hand to work? To what extent are...

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