A Person Goes into a Store and Buys a Computer

question 95

Multiple Choice

A person goes into a store and buys a computer for $1,210.In this case,price is acting as a

• A) resource.
• B) good.
• C) rationing device.
• D) capital instrument.
• E) factor of production.

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Definitions:

Diffusion

The process by which a new idea, product, or behavior spreads within a population.

Professionals

Skilled individuals who work in a specific profession, often requiring specialized knowledge and prolonged academic preparation.

Diffusion

The process by which an innovation, idea, or behavior spreads within a population or societal system.

Richard Walton

A notable figure in the field of industrial relations, known for his contributions to labor management and organizational behavior.