If You Use Chalk Boards and Dry-Erase Boards

question 74

Multiple Choice

If you use chalk boards and dry-erase boards:

• A)it will be clear that you know your topic.
• B)listeners will perceive you as confident.
• C)you will not be using a prepared visual.
• D)you will be able to add things as you think of them.
• E)you will find them flexible and dynamic.

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Definitions:

Price Change

An alteration in the cost of goods or services in the market.

Income

The amount of money received by an individual or entity, usually in exchange for labor or services, or through returns on investments.

Utility Function

A mathematical representation in economics that quantifies the satisfaction or happiness derived by a consumer from consuming goods and services.

Substitution Effect

The economic principle that as the price of a good rises, consumers will replace it with cheaper alternatives.