Another way of saying "ceteris paribus" is:

A. Other things equal
B. In general
C. In reality
D. Because of this

Answer: A

Economics

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If a firm is earning just enough to cover all its economic profits does that mean it's not making a profit?

What will be an ideal response?

Economics

The branch of economics that focuses on outcomes in highly aggregated markets, such as the markets for labor or consumption goods, is called: a. macroeconomics

b. positive economics. c. normative economics. d. microeconomics.

Economics