The Relative Price of a Good Is

question 90

Multiple Choice

The relative price of a good is

• A)the ratio of the price of a good to the income of the purchaser.
• B)the ratio of one price to another and an opportunity cost.
• C)the cost of its factors of production.
• D)the same as the money price of a good.
• E)a household's income divided by the number of goods purchased.

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Definitions:

Upward Appeals

The argument that the task has been requested by higher management, or a request to higher management to assist in gaining cooperation.

Coalition Building

The process of forming alliances or coalitions among individuals or groups to achieve a common goal or undertake a specific project.

Rational Appeals

Persuasive strategies that employ logical arguments and evidence to convince an audience of a particular viewpoint or action.

Assertiveness

The quality of being self-assured and confident without being aggressive in expressing one's rights, desires, or opinions.