A 64-Ounce Package Selling for $3

question 29

Multiple Choice

A 64-ounce package selling for $3.20 would have a unit price of:

• A)$3.20 per ounce.
• B)$2.00 per pound.
• C)$0.05 per ounce.
• D)$20.00 per quart.
• E)$20.48 per ounce.

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Definitions:

Core Capitalist Countries

Nations that dominate global economic systems, characterized by high levels of industrialization, technological advancement, and significant influence on global trade and markets.

Peripheral Countries

Are former colonies that are poor and are major sources of raw materials and cheap labor.

Semiperipheral Countries

Such as South Korea, Taiwan, and Israel, consist of former colonies that are making considerable headway in their attempts to industrialize.

Gross National Product

The total value of all goods and services produced by a country's residents and businesses, regardless of where the production takes place, over a specific time period.