A Relative Price Is the

question 300

Multiple Choice

A relative price is the

• A) price of one good divided by the price of another good.
• B) same as opportunity cost.
• C) price of a given good divided by income.
• D) Both answers A and B are correct.

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Definitions:

Classroom Lectures

A traditional educational method where an instructor provides a presentation or talk to a group of students in a classroom setting.

Performance Appraisals

The systematic evaluation of the performance of employees and to understand the abilities of a person for further growth and development.

Corporate Outsourcing

The practice of hiring external firms or individuals to handle business activities or services that could be performed internally, often to reduce costs or improve efficiency.

Additional Training

Extra educational or practical training provided to employees or individuals to enhance their skills or knowledge.