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:

Piaget

Swiss psychologist known for his pioneering work in child development, particularly regarding cognitive development through a series of stages.

Active Role

Participation or involvement in a process or activity in a direct and engaged manner, often contributing significantly to its outcome.

Behaviorist Framework

A theory of learning based on the idea that all behaviors are acquired through conditioning, emphasizing observable behaviors over internal factors like thoughts and feelings.

Psychologists

Professionals specialized in the study of the mind and behavior.