Refer to the Speedometer in Figure 2

question 28

Multiple Choice

Refer to the speedometer in Figure 2.3. The speedometer reading 75 mph is

• A) approximately 2 kilometers per minute.
• B) exactly 1 mile per minute.
• C) 200 meters per second.
• D) the only speed at which mph and km/h are equal.

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Definitions:

Market Wage

The average wage earned by workers in a specific market or industry, determined by the supply and demand for labor in that market.

Market Price

The current price at which an asset or service can be bought or sold in a particular market, determined by supply and demand forces.

Make Money

The process of earning a financial profit or income.

Informed Citizen

An individual who is well-informed about their rights, responsibilities, and current events, enabling them to participate effectively in civic and democratic processes.