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➴ They might hire C. A public relations manager
They might hire a public relations manager because public relation managers deal with the media and the press.
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Depends on the situation, look at it from both arguments to come up with a clear answer
Answer: rational
Explanation:
Rational expectations is a way by which individuals make their decisions based on their past experience, self interest, human rationality and the information that they have.
Therefore, when individuals acquire, process, and act on relevant economic information promptly in their own self-interest and investigate its impact on others, they are said to have rational expectations.
The characteristics that describe pure competition are:
- Many sellers involved in the competition and none of them had the power to influence the price.
- Buyers also couldn't influence the price.
- It is fairly easy to come and compete in the market
- The commodities that offered in the market are similar in type and price.
ANSWER: C) People could not charge as many different prices for goods.
EXPLANATION: If a currency has fewer denominations, then it would be a problem to charge different prices for goods as the change will not be available. For example, if the country is having currency for only $ 50 and $100, then the products can not be priced at $5 or $10. Even the smallest item will have a minimum price of $50 which will be not be worth of. The price of the products will either decrease or increase drastically. Proper pricing of any product will not be possible and it will affect the common people.