The Latin expression Ceteris paribus means:
a. everything else being equal. b. economic model.
c. economists are partly right. d. partial scarcity is certain.
a
You might also like to view...
Of the $840 billion American Recovery and Reinvestment Act stimulus package which was enacted in 2009, the largest spending increase occurred in which category?
A) health care, social services, and education B) transportation and housing C) energy and the environment D) military, veterans, and homeland security
Refer to Table 2-4. What is George's opportunity cost of mowing a lawn?
A) one-half of a garden cultivated B) two lawns mowed C) two-thirds of a garden cultivated. D) one and a half lawns mowed
Macroeconomic stabilization involves
(a) reduction of inflation. (b) reduction of government budget deficits. (c) reduction of trade deficits. (d) all of the above. (e) none of the above.
In-kind assistance programs are based on the direct transferring of goods and services to the poor
a. True b. False Indicate whether the statement is true or false