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What Term Refers to a Two-Directional Relationship,one That Goes Both

question 51

Multiple Choice

What term refers to a two-directional relationship,one that goes both ways like a conversation between two people (such as master-slave) ?


Definitions:

Price

The financial value anticipated, necessitated, or offered in return for a service or good.

Income

Money received on a regular basis from work, property, business, investment, or welfare.

Utility Function

A tool used in economics to represent a consumer's preference structure across different bundles of goods.

Budget Constraint

The limits imposed on household choices by income, wealth, and product prices.

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