Which One of the Following Statements Is TRUE

question 293

Multiple Choice

Which one of the following statements is TRUE?

• A) If the money price of a good increases, its relative price necessarily increases.
• B) If the money price of a good increases, its relative price necessarily decreases.
• C) The relative price of a good refers to the opportunity cost of purchasing it.
• D) Rational consumers always ignore the monetary price of a good when deciding whether to buy it.

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Definitions:

Herpes Zoster

A viral infection also known as shingles, characterized by a painful rash and blisters, caused by the varicella-zoster virus.

Septic Shock

Severe sepsis with hypotension, unresponsive to fluid resuscitation.

Unspecified Pathogen

A term used when the specific cause of an infection or disease is not identified or defined in a diagnostic process.

Acronym

A word formed from the initial letters of a name or by combining initial letters or parts of a series of words.