Question

When economists use the term ceteris paribus, they are indicating that

a. the relationship between two economic variables cannot be determined.
b. all other variables except the ones specified are assumed to be constant.
c. their conclusions are based on normative economics rather than positive economic analysis.
d. the analysis is true for the individual but not for the economy as a whole?

Answer 1

ceteris paribus mean other thing remaining the same.

so the correct answer should be B.