The Ratio of One Commodity Price to the Price of Another

question 29

Multiple Choice

The ratio of one commodity price to the price of another commodity is called (the) :

• A)absolute advantage
• B)relative commodity price
• C)constant opportunity costs
• D)increasing opportunity costs.

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Definitions:

Attributions

The process by which individuals explain the causes of behavior and events, either attributing them to internal dispositions or external situations.

Fair

Equitable or impartial treatment; justice free from discrimination or bias.

Exposing

The act of making something visible or known, often used in therapeutic contexts to reveal hidden emotions or thoughts.

Product

An item or service created through a process and offered to the market to satisfy a need or want.