Sam Buys Gasoline and Coffee Each Week

question 74

Multiple Choice

Sam buys gasoline and coffee each week.To draw his budget line for gasoline and coffee,Sam needs to know

• A)if his income is expected to rise in the future.
• B)if the price of gasoline is expected to rise in the future.
• C)if the price of coffee is expected to fall in the future.
• D)the goods that he considers to be substitutes for gasoline and for coffee.
• E)how much income he has to spend and the prices of one litre of gasoline and one cup of coffee.

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Definitions:

American Laborers

Describes workers in the United States, typically focused on manual or industrial work, integral to the development of the nation's economy.

Organized Labor

Workers united in trade unions, engaging collectively in negotiations and actions aimed at improving their working conditions, wages, and rights.

American Draftees

Individuals conscripted into the military service of the United States, especially during periods of war when voluntary enlistment does not meet the needs of the armed forces.

Virtue

A trait or quality deemed to be morally good or desirable in a person, including honesty, integrity, courage, and kindness.