FIGURE 6- 2 -Refer to Figure 6- 2. Suppose the Price of Y

question 115

Multiple Choice

FIGURE 6- 2
-Refer to Figure 6- 2. Suppose the price of Y is $1 and the consumer's income is $10. Initially, the price of X is $2 and the consumer is buying 3 units of good X and 4 units of good Y. If the price of X then falls to $1, what quantities of X and Y will he/she now purchase in order to maximize total utility?

• A) 5 X and 5 Y.
• B) 6 X and 4 Y.
• C) 2 X and 8 Y.
• D) 4 X and 6 Y.
• E) 3 X and 7 Y.

Recognize the role of the DSM in diagnosing mental disorders.

Differentiate between normal and abnormal behavior and mental states.

Understand the subjective nature of diagnosing mental disorders and the influence of contemporary values on the DSM.

Acknowledge the complexity of addiction models and the debate over the ability to moderate substance use after addiction.

---

Definitions:

Adam Smith

A Scottish economist, philosopher, and author, often considered the father of modern economics known for his theories on free markets and the 'invisible hand' guiding economies.

Free Trade

An economic policy that allows imports and exports with little to no government tariffs, quotas, or subsidies, aiming to enhance global economic efficiency.

Balance of Trade

The difference in value between a country's imports and exports over a certain period, indicating how much more goods and services a nation exports than it imports.

Services

Intangible products such as consulting, banking, cleaning, and education that are consumed at the point of sale.