Leaner Cuts of Beef Include

question 16

Multiple Choice

Leaner cuts of beef include:

• A) top round and eye round roast
• B) ground chuck
• C) strip steak
• D) a and b

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Definitions:

Economist

A professional who studies the production, distribution, and consumption of goods and services.

Economic Activity

Activities related to the creation, distribution, and use of goods and services in an economic system.

Market Economy

An economic system in which economic decisions and the pricing of goods and services are guided solely by the interactions of citizens and businesses.

Equilibrium Quantity

At the market equilibrium price, the amount of goods or services that are supplied matches the amount that is demanded.