If the Relative Price of One Unit of Good X

question 95

Multiple Choice

If the relative price of one unit of good X is 5 units of good Y,then it follows that the absolute price of good X can be __________ and the absolute price of good Y can be __________.

• A) $20,000; $10,000
• B) $40,000; $8,000
• C) $30,000; $5,0000
• D) $5,000; $40,000
• E) a and c

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Definitions:

Person-Job Matching

The process of aligning the skills, experiences, and attributes of individuals with the requirements and characteristics of a job to ensure optimal performance and job satisfaction.

Competencies

The skills, knowledge, and abilities that are significant for successful performance in a job.

Goal-Directed Behaviors

Actions taken with the intention of achieving predetermined objectives or outcomes.

Internal Force

Influences within an organization or individual that affect its operations, behaviors, and changes, such as company culture or personal motivation.