When You Determine Which Language to Study,you Should

question 37

Multiple Choice

When you determine which language to study,you should

• A)consider the political and economic importance of a language
• B)evaluate your career goals
• C)find out who the major players are in the industry you are most interested in
• D)all of the previous choices.

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Definitions:

Market Price

The current value at which an asset or service can be bought or sold in a competitive marketplace.

Zero Economic Profit

A situation where a firm's total revenue is exactly equal to its total costs, including opportunity costs.

Economic Profits

The excess of total revenues over total costs, including both explicit and implicit costs.

Market Price

The price at which goods are bought and sold in a competitive marketplace, constantly influenced by supply and demand.