The Component of Language That Deals with Rules of Putting

question 59

Multiple Choice

The component of language that deals with rules of putting words together to form phrases and sentences is called

• A)morphology.
• B)phonology.
• C)pragmatics.
• D)syntax.

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Definitions:

Producer Surplus

The amount a seller is paid for a good minus the seller’s cost of providing it.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, indicating the financial gain exceeding all costs.

Monopoly

A market structure characterized by a single seller dominating the market, with no close substitutes for the product, giving the seller considerable power over prices.

Elasticity Of Demand

A measure of how much the quantity demanded of a good responds to a change in price, indicating the sensitivity of consumers to price changes.