Rainbow Mountain in Peru Is 5200m in Altitude

question 231

Multiple Choice

Rainbow Mountain in Peru is 5200m in altitude. Given that 1 meter is 3.28 feet, how many feet is the altitude of Rainbow Mountain?

• A)16,127 ft
• B)17,056 ft
• C)18,003 ft
• D)20,900 ft

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Definitions:

Economic Question

A query that addresses how to allocate scarce resources to satisfy unlimited wants and needs.

Invisible Hand

A metaphor for the self-regulating nature of the marketplace that guides individuals to unintentionally benefit society through the pursuit of their own interests.

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his works on the principles of free market economics.

Pure Capitalism

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit without governmental interference.