The Latin phrase ceteris paribus is best defined as
A) the rational choice is made.
B) benefits are greater than the costs.
C) other things remaining the same.
D) the tendency for the values of two variables to move together in a predictable and related way.
E) the study of choice.

Question

Quizplus · Accepted Answer

Ceteris paribus refers to the assumption of all other things remaining constant or equal, while analyzing the relationship between two variables. Therefore, option C is the best choice.

The Latin Phrase Ceteris Paribus Is Best Defined as