Provide an Appropriate Response

question 88

Multiple Choice

Provide an appropriate response.
-Suppose there are 4 trains connecting town X to town Y and 6 roads connecting town Y to town Z. In how many ways can a person travel from X to Z via Y?

• A) 10
• B) 16
• C) 12
• D) 24
• E) 36

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Definitions:

Economic Growth

An increase in a country's output of goods and services over time, often measured by changes in real GDP.

Allocative Inefficiency

A situation where resources are not distributed optimally, resulting in lost potential for producing welfare or value.

Marginal Cost

The cost incurred by producing one more unit of a good or service.

Marginal Benefit

The added utility or joy gained by consuming an extra unit of a product or service.