Each of the Following Is a Major Component or Element

question 46

Multiple Choice

Each of the following is a major component or element of culture EXCEPT

• A)skin colour.
• B)values and behaviour styles.
• C)nonverbal communication.
• D)frames of reference.

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Definitions:

Market Price

Market Price is the current price at which a good or service can be bought or sold in a marketplace.

Short Run

This is a period during which at least one factor of production is fixed, typically used in economic analyses to describe immediate effects of changes.

Produce

Agricultural products, especially fresh fruits and vegetables, that are grown for consumption.

Price

The fund requirements to procure a product or service.