A Coherent Paragraph Will Have

question 17

Multiple Choice

A coherent paragraph will have

• A) a topic sentence embedded in the middle.
• B) an accessible line of reasoning.
• C) few transitions.
• D) no concluding sentence.
• E) all of these.

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Definitions:

Incentive Function

The way in which economic rewards or penalties influence the actions of individuals and firms.

Competitive Markets

Markets where multiple firms are in rivalry to attract consumers, characterized by free entry and exit, leading to efficient outcomes.

Price Increases

An upward adjustment in the cost of goods or services, typically reflecting higher production costs or increased demand.

Economic Rents

Earnings that exceed the minimum amount necessary to keep a factor of production in its current use.