Determine the Ratio and Write It in Lowest Terms $\frac { 1 } { 3 }$

question 74

Multiple Choice

Determine the ratio and write it in lowest terms.
-18 miles to 6 miles

• A) \(\frac { 1 } { 3 }\)
• B) \(\frac { 7 } { 19 }\)
• C) \(\frac { 19 } { 7 }\)
• D) \(\frac { 3 } { 1 }\)

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Definitions:

Business Risk

The possibility of experiencing financial loss or failure inherent in operating a business.

Market System

A market system is an economic system in which decisions regarding investment, production, and distribution are based on supply and demand.

Circular Flow Model

An economic model that depicts how money and products move through an economy, showing the interactions between households and businesses.

Resource Markets

Markets where productive resources (like labor, capital, and raw materials) are bought and sold.