A Relative Price Is

question 103

Multiple Choice

A relative price is

• A)the number of dollars that must be given up in exchange for the good.
• B)also called the money price.
• C)the ratio of one price to another price.
• D)not an opportunity cost.

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Definitions:

Reasonable Notice

Adequate time or notification given in advance as required by law or contract, prior to taking an action.

Discretionary Bonuses

Additional pay awarded to employees at the employer's discretion, typically based on performance, profitability, or as a reward for exceptional work.

Reinstatement

The act of restoring someone or something to their former position, status, or condition.

Wrongful Dismissal

The unfair or illegal termination of an employee's contract of employment in violation of labor laws or contractual terms.