Assume the Price of Salt Increased from $0

question 94

Multiple Choice

Assume the price of salt increased from $0.30 in 1985 to $0.50 in 1995.If we calculate the average rate of price increase for salt over this period,we could accurately say:

• A) the price of salt increased at about a 40% rate per year during this period.
• B) the price of salt increased at about a 20% rate per year during this period.
• C) the price of salt increased by about 20% total during this period.
• D) the price of salt increased at about a 5% rate per year during this period.
• E) the real price of salt definitely increased during the period.

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Definitions:

Personal Standards

Refers to the individual benchmarks or expectations one sets for themselves in various aspects of their lives, influencing behavior and self-assessment.

Achievement

The accomplishment of an aim or purpose, often recognized as the result of effort, skill, or courage.

Attentional Processes

The cognitive functions involved in selecting and focusing on specific stimuli while ignoring others.

Modeling

The process of learning behaviors by observing and imitating others.