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The Concept of Ceteris Paribus in Economics Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Ceteris paribus is an economic term meaning what?

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1. Why is the phrase 'all other things constant' important?

2. Ceteris paribus, all else constant, helps us study which of the following economic concepts?

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About This Quiz & Worksheet

Ceteris paribus, the commonly used Latin phrase meaning all other things remaining constant, is an important concept in economics. This quiz/worksheet combo will help you test your knowledge on this topic. The questions on the quiz will test you on the meaning of this term, the importance of this term, and the characteristics of this term.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • The meaning of this term
  • The importance of this concept
  • What this phrase allows you to study about economic concepts
  • This phrase and how it relates to price and demand

Skills Practiced

This quiz and worksheet will allow you to test your skills in the following areas:

  • Reading comprehension - ensure that you draw the most important information on ceteris paribus in economics from the related lesson on this topic
  • Critical thinking - apply relevant concepts to examine information about the concept of ceteris paribus in economics in a different light
  • Defining key concepts - ensure that you can accurately define main ideas, mainly ceteris paribus as it relates to economics

Additional Learning

To learn more about this topic, review the accompanying lesson The Concept of Ceteris Paribus in Economics. This lesson covers the following objectives:

  • Define ceteris paribus
  • Discuss how this phrase relates to economics
  • Explore examples of ceteris paribus in economics
  • Describe what this phrase allows you to examine about economics
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