The Decision About Whether to Change Prices Frequently or Infrequently

question 127

Multiple Choice

The decision about whether to change prices frequently or infrequently is an application of the:

• A)principle of comparative advantage.
• B)scarcity principle.
• C)principle of increasing opportunity cost.
• D)cost-benefit principle.

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Definitions:

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The differential access to resources, opportunities, and rights between men and women, often reflecting in disparities in income, employment, education, and political representation.

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A class of diseases that involve the heart or blood vessels, including coronary artery disease, heart attack, and stroke.

Cigarette Smoking

The act of inhaling smoke from the combustion of tobacco products, which is known to be harmful to health.

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A condition where blood pressure readings consistently show systolic pressure of 140 mm Hg or higher or diastolic pressure of 90 mm Hg or higher.