Ceteris paribus means
A. as realistic as it can be
B. the assumption of rational behavior
C. making all the necessary changes.
D. other things constant.
Answer: D
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Ceteris paribus, which of the following situations would result in the largest quantity of money demanded?
a. When nominal GDP = $1.4 trillion and the interest rate is 3 percent. b. When nominal GDP = $1.4 trillion and the interest rate is 6 percent. c. When nominal GDP = $1.2 trillion and the interest rate is 5 percent. d. When nominal GDP = $800 billion and the interest rate is 4 percent.
A lack of cooperation by oligopolists trying to maintain monopoly profits
a. is desirable for society as a whole. b. is not desirable for society as a whole. c. may or may not be desirable for society as a whole. d. is not a concern due to antitrust laws.
A fire extinguisher is an example of a A. private good that generates external costs. B. private good that generates external benefits. Your answer is correct.C. public good that generates external benefits. D. public good that generates internal benefits.
A fire extinguisher is an example of a
A.
private good that generates external costs.
B.
private good that generates external benefits.
Your answer is correct.
C.
public good that generates external benefits.
D.
public good that generates internal benefits.
Refer to the information provided in Figure 8.8 below to answer the question(s) that follow. 
Figure 8.8 Refer to Figure 8.8. A soybean farmer's ________ level of output is 1,000 units of output.
A. loss-minimizing B. break-even C. shut-down D. profit-maximizing