Which of the Following Would Be Considered a Violation of "Normal

question 22

Multiple Choice

Which of the following would be considered a violation of "normal" social interaction in the United States?

• A)saying "bless you" when someone sneezes
• B)refusing to shake a new acquaintance's hand when it is offered
• C)instructing a taxi driver on how to reach your destination
• D)saying "thank you" to the driver as you exit the bus

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Definitions:

Decreasing-cost Industry

An industry where the costs of production decrease as the industry grows due to economies of scale.

Long-run Equilibrium

A state in which all factors of production and outputs are fully adjusted to economic conditions, leading to stable prices and optimal resource allocation.

Market Price

The current price at which an asset or service can be bought or sold in a particular market.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the surplus revenue after all costs have been accounted for.