Each of the Following Sentences Tells What You Are Trying

question 22

Multiple Choice

Each of the following sentences tells what you are trying to persuade someone to do. Beneath each sentence are four reasons that attempt to convince the reader that he or she should take this particular course of action. Select the reason that seems irrelevant, illogical, or untrue. If you wanted to convince parents that their children should do household chores, you could say that

• A) doing chores helps to teach kids the value of money.
• B) kids who do chores learn responsibility.
• C) children who do chores learn practical life skills they'll need later when they're on their own.
• D) kids who don't do chores are sure to become bums who will never leave home.

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Definitions:

Barriers to Market Entry

Obstacles that make it difficult for a new firm to enter an industry, which might include high start-up costs, strict regulations, or established brand loyalty.

Public Utilities

Companies that provide essential services like water, electricity, natural gas, and telecommunications to the public, often under government regulation.

Political Power

The ability to influence or outright control the behavior of people and institutions, often within a governmental context.

Economic Profit

The profit a company makes after accounting for both its explicit and implicit costs, differing from accounting profit by considering opportunity costs.