b) Ceteris paribus

0.0(0)
Studied by 0 people
linked notesView linked note
call kaiCall Kai
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
GameKnowt Play
Card Sorting

1/3

encourage image

There's no tags or description

Looks like no tags are added yet.

Last updated 5:54 PM on 9/12/25
Name
Mastery
Learn
Test
Matching
Spaced
Call with Kai

No analytics yet

Send a link to your students to track their progress

4 Terms

1
New cards

Why do economists create models based on the principle of ceteris paribus?

  • To account for constantly changing variables

  • Which allows them to simplify and explain the causes and effects of a specific factor and dismiss other variables

2
New cards

What does ceteris paribus translate to?

“all other variables remain constant”

3
New cards

n/a

n/a

4
New cards

n/a

n/a