Which of the Following Will Definitely Cause a Change in the Relative

question 11

Multiple Choice

Which of the following will definitely cause a change in the relative prices of two goods?

• A) An increase in the average price of the two goods
• B) Nominal price changes for the two goods adjusted for inflation
• C) Different rates of change in the prices of the two goods
• D) A decrease in the average price of the two goods

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Definitions:

Limited Resources

The scarcity of resources (such as time, money, or manpower) that restricts the ability to achieve certain goals or fulfill needs.

Stakes

The importance or value of something, which could be at risk in a decision or action.

Organizational Learning

The capacity of an organization to acquire, apply, and transfer knowledge to improve its performance and adapt to its environment.

Coordinated Actions

Activities or efforts by individuals or groups that are carefully planned to ensure they work effectively together towards a common goal.