If the Relative Price of One Unit of Good Y

question 80

Multiple Choice

If the relative price of one unit of good Y is 0.25 units of good Z,then it follows that the absolute price of good Z can be __________ and the absolute price of good Y can be __________.

• A) $4,000; $2,000
• B) $1,000; $2,000
• C) $2,000; $1,000
• D) a and c
• E) none of the above

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Definitions:

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Challenges within society that affect a significant number of people and require collective action to address.

Code of Ethics

A set of principles and rules used by individuals and organizations to govern their decision-making process in a way that is consistent with moral and ethical standards.

Ethical Dilemma

A situation where an individual faces a decision between two morally right or wrong choices, with no clear right or wrong answer.

Gender

A social construct that encompasses a range of identities, expressions, and roles often associated with being male, female, a blend of both, or neither, and is influenced by social and cultural norms.