Speakers Should Try to Know

question 33

Multiple Choice

Speakers should try to know:

• A)how their audiences could interpret words used in their speeches.
• B)how to give an extended definition of a conceptual term.
• C)the exact dictionary definitions of all the terms they plan to use.
• D)the technical definitions of all the terms they plan to use.
• E)which words have multiple dictionary definitions.

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Definitions:

Factor of Production

An economic resource used in the production of goods and services, including labor, capital, land, and entrepreneurship.

Market

A group of buyers and sellers of a particular good or service.

Diminishing

A principle often referring to diminishing returns, where additional inputs result in progressively smaller increases in output.

Marginal Product

The additional output resulting from the use of one more unit of a production input, holding all other inputs constant.