If the Money Price of Wheat Increases and No Other

question 165

Multiple Choice

If the money price of wheat increases and no other prices change, the

• A) relative price of wheat falls.
• B) opportunity cost of wheat rises.
• C) demand for wheat increases.
• D) relative price of wheat is unaffected.

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Definitions:

Incompatible Goals

Incompatible goals describe objectives or aims set by individuals or groups within an organization that conflict with each other, potentially leading to disputes or inefficiencies.

Ambiguous Rules

Ambiguous Rules refer to regulations, guidelines, or instructions that are unclear, vague, or open to more than one interpretation, often leading to confusion or varied compliance.

Task Interdependence

Describes the degree to which tasks within a group or organization require coordination and cooperation among members to be completed effectively.

Different Standards

Variations in criteria or benchmarks used for comparison or judgment across different situations or by different groups.