Thomas Has Typed 20 Pages of His Report and Realizes

question 7

Multiple Choice

Thomas has typed 20 pages of his report and realizes that he typed Niko and should have typed Nike.The most efficient way for him to fix this error is to ____.

• A)proofread
• B)use Find and Replace
• C)run the Spelling and Grammar Checker
• D)search the text

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Definitions:

Income Effect

The dynamics of income change in a person or an economy, and its role in altering the demand pattern for goods and services.

Substitution Effect

The change in consumption patterns due to a change in relative prices, prompting consumers to substitute a product that has become relatively cheaper for one that has become relatively more expensive.

Marginal Rate

A rate that indicates the change in a variable (such as cost, revenue, or tax) as its underlying factor changes incrementally.

Substitution

The action of replacing one good or service with another based on changes in relative prices, incomes, or preferences.