If the Absolute Price of a New Car Is $30,000

question 72

Multiple Choice

If the absolute price of a new car is $30,000 and the relative price of a laptop computer in terms of cars is 1/30 of a car,it follows that the absolute price of the laptop is

• A) $10,000.
• B) $1,000.
• C) $3,000.
• D) $2,000.
• E) $1,500.

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Definitions:

Depression Effects

refer to the various ways in which depression impacts an individual's mental and physical health, influencing mood, behavior, and bodily functions.

ITQs

Stands for Individual Transferable Quotas, a regulatory tool in fisheries management that limits the total allowable catch and allocates quotas to individuals or companies.

Pacific Halibut

A species of flatfish found in the North Pacific Ocean, valued for commercial and recreational fishing.

Quota

A government-imposed trade restriction that limits the number or value of goods that can be imported or exported during a specific time.