Economists use the phrase ceteris paribus to express the assumption Select one: a. "all else equal." b. "everything affects everything else." C. "there is no such thing as a free lunch." d. "scarcity is a fact of life." OO0

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
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Chapter1: What Is Economics
Section1.3: What Do Economists Do?
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Economists use the phrase ceteris paribus to express the assumption
Select one:
a. "all else equal."
b. "everything affects everything else."
C. "there is no such thing as a free lunch."
d. "scarcity is a fact of life."
Transcribed Image Text:Economists use the phrase ceteris paribus to express the assumption Select one: a. "all else equal." b. "everything affects everything else." C. "there is no such thing as a free lunch." d. "scarcity is a fact of life."
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