A Relative Price Is

question 100

Multiple Choice

A relative price is

• A) the rate of inflation.
• B) a measure of overall prices at a particular point in time.
• C) the percentage change in a price index such as the consumer price index.
• D) the price of a specific good in comparison to the prices of other goods and services.
• E) the aggregate change in prices over a year.

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Definitions:

Investment Contracts

Agreements or schemes whereby an individual invests money with the expectation of profit primarily from the efforts of others.

Foreign Corrupt Practices Act (FCPA)

A U.S. law that prohibits companies and their individuals from bribing foreign officials for business advantages.

Bribery Provisions

Legal rules or clauses that deal with the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in charge of a public or legal duty.

Grease Payments

Small sums of money given to minor officials to expedite or ensure the performance of routine or necessary actions.