The Relative Price of a Good Is That Price

question 348

Multiple Choice

The relative price of a good is that price

• A)expressed in today's dollars.
• B)expressed in constant 2012 dollars.
• C)expressed in terms of the price of another good.
• D)that is equal to the equilibrium price.

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Definitions:

Return on Investment

A financial metric that measures the profitability of an investment by dividing the gain from the investment by its cost.

Productivity

A measure of efficiency that quantifies the amount of goods and services produced per unit of labor, capital, or other resources.

Strategic HRM

Interrelated philosophies, policies, and practices that facilitate the attainment of organizational strategy.

Organizational Survival

The ability of an organization to continue to operate and remain viable over time, often amidst competition and changing market conditions.