If the Relative Price of One Unit of Good X

question 95

Multiple Choice

If the relative price of one unit of good X is 5 units of good Y,then it follows that the absolute price of good X can be __________ and the absolute price of good Y can be __________.

• A) $20,000; $10,000
• B) $40,000; $8,000
• C) $30,000; $5,0000
• D) $5,000; $40,000
• E) a and c

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Definitions:

Traditional Categories

Established or conventional classifications used to organize concepts, items, or practices according to common characteristics.

Property Crime

A category of crime that involves the theft, damage, or illegal possession of someone else's property.

Fiscal Crime

Illegal activities affecting government revenue, including tax evasion, fraud, and embezzlement.

Burglary

Breaking and entering onto the property of another with the intent to commit a felony.