__________ Is the Preferred Means of Electronic Interaction Between Teenage

question 61

Multiple Choice

__________ is the preferred means of electronic interaction between teenage friends.

• A) Texting
• B) Video chatting
• C) Social networking
• D) Instant messaging

---

Definitions:

Wage Rate

The wage rate refers to the standardized amount of compensation a worker receives per unit of time, such as an hour or year, for their labor.

Variable Input

A variable input is a resource or factor of production whose quantity can be changed easily by a firm in response to changes in production volume or demand, such as labor or raw materials.

Marginal Product

The extra production achieved by the use of an extra unit of a specific input while keeping other inputs unchanged.

Resource Demand Curve

A graph showing the relationship between the price of a resource and the quantity of that resource demanded by firms.