Ceteris paribus means
A) variables are correlated.
B) after this, therefore because of this.
C) people must make choices.
D) other things remaining the same.
E) social interest is the same as self interest.

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin term that translates to "other things remaining the same." It is an assumption in economics that all other variables, except the ones being studied, are constant and unchanging. This helps economists isolate the effect of a specific variable on the outcome. Therefore, the correct answer is D, other things remaining the same.

Ceteris Paribus Means