The Relative Price of a Good Is All of the Following

question 126

Multiple Choice

The relative price of a good is all of the following except

• A)the ratio of one price to another.
• B)an opportunity cost.
• C)the money price of the good divided by a price index.
• D)the same as the money price of a good.
• E)determined in a market.

---

Definitions:

Paralegal Organizations

Entities or associations that offer support, resources, and advocacy for paralegals, enhancing their professional development and recognition within the legal community.

Voluntary Certification

A process where individuals choose to undergo assessment to earn certification in a particular field, indicating proficiency or specialization, outside of mandatory licensing.

Mandatory Certification

A required credential that individuals must obtain to work in certain professions or perform specific tasks.

Detail Oriented

A characteristic referring to the ability or tendency to pay attention to all aspects and particulars of a task or situation.