Refer to the Graph Shown

question 71

Multiple Choice

Refer to the graph shown. If the price of shekels is $0.90, the quantity of shekels supplied is:

• A)greater than the quantity demanded.This causes the shekel to gain value.
• B)less than the quantity demanded.This causes the shekel to gain value.
• C)greater than the quantity demanded.This causes the shekel to lose value.
• D)less than the quantity demanded.This causes the shekel to lose value.

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Definitions:

Industrialization

The process of transforming economies from primarily agricultural to one based on the manufacturing of goods, characterized by the use of industrial technology and mass production methods.

Global Inequality

The unequal distribution of resources, wealth, and opportunities across different countries and populations worldwide.

Rigid Hierarchy

A strictly enforced system where positions and roles are clearly ranked, often with little flexibility for movement between levels.

Global Inequality

The unequal distribution of resources and opportunities between countries or regions around the world, often measured by income, wealth, or access to services.