In the United States, the Amish Would Be an Example

question 103

Multiple Choice

In the United States, the Amish would be an example of a

• A) state church.
• B) cult.
• C) charismatic cult
• D) sect.

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Definitions:

Indifference Curves

A graph showing different bundles of goods between which a consumer is indifferent, pointing out the preferences of the consumer for one combination of goods over another.

Bowed Inward

A description often used in economics to illustrate a production possibility frontier that indicates increasing opportunity costs for producing goods.

Budget Constraint

The limit on the consumption bundles that a consumer can afford to purchase based on their income and the prices of goods and services.

Goods X

A placeholder term typically used in economic models to represent a generic good or product.