Econ 102 Exam 1

Question 1

seize the day

Answer 1

carpe diem

Question 2

let the buyer beware

Answer 2

caveat

Question 3

method of operating

Answer 3

modus operandi

Question 4

knowledge itself is power

Answer 4

scientia ipsa potentia

Question 5

scraped tablet

Answer 5

tabula rasa

Question 6

all other things being equal

Answer 6

ceteris paribus

Question 7

vicious circle

Answer 7

circulus vitiosus

Question 8

the teacher has said it

Answer 8

magister dixit

Question 9

each year

Answer 9

per annum

Question 10

leading back to the absurd

Answer 10

reductio ad absurdum

Question 11

be suspicious of everything

Answer 11

de omnibus dubitandum

Question 12

that is

Answer 12

id est

Question 13

bad times are upon us

Answer 13

mala tempora currunt

Question 14

with equal step

Answer 14

pari passu

Question 15

from the absurd

Answer 15

ab absurdo

Question 16

therefore

Answer 16

ergo

Question 17

economy is a great revenue

Answer 17

magnum vectigal est parsimonia

Question 18

it is not he who has little, but he who wants more, who is the pauper

Answer 18

non qui parum habet, set qui plus cupit, pauper est

Question 19

if you know how to use money, money is your slave; if you don’t, money is your master

Answer 19

pecunia, si uti scis, ancilla est; si nesic, domina

Question 20

nothing in excess

Answer 20

ne quid nimis

Question 21

repetition is the mother of learning

Answer 21

repetitio est mater studiorum

Question 22

thus

Answer 22

sic

Question 23

truth

Answer 23

veritas

Question 24

the situation in which

Answer 24

status quo

Question 25

from before

Answer 25

ex ante

Question 26

balance; scales

Answer 26

libra

Question 27

nothing in intellect unless first in sense

Answer 27

nihil in intellectu nisi prius in sensu

Question 28

pro tempore

Answer 28

for the time being

Question 29

leaping point

Answer 29

punctum saliens

Question 30

from one, learn all

Answer 30

ab uno disce omnes

Question 31

to infinity

Answer 31

ad infinitum

Question 32

to seasickness

Answer 32

ad nauseum

Question 33

by the fact itself

Answer 33

ipso facto

Question 34

what alone is not useful helps when accumulated

Answer 34

quae non prosunt singula multa iuvant

Question 35

fortune favors the bold

Answer 35

fortes fortuna adiuvat

Question 36

what is gone is gone

Answer 36

quod periit, periit

Question 37

follow the money

Answer 37

sequere pecuniam

Question 38

no one learns except by friendship

Answer 38

nemo nis per amicitiam congnoscitur