"CETERIS PARIBUS"

An important process that economists have to go through when conducting a good research is known in Latin as "ceteris paribus". During this process, economists will want to isolate the factor of interest and investigate its effects.  By changing only one factor, and keeping the rest constant, economists are better able to arrive at accurate conclusions.

 

Based on the description above and the words "...changing only one factor, and keeping the rest constant...", "Ceteris Paribus" most probably means...

Choice 1 other things being equal
Choice 2 similarity for all
Choice 3 all things are the same
Choice 4 equality for all