Which of the Following Concepts Is Exemplified by the Idea

question 95

Multiple Choice

Which of the following concepts is exemplified by the idea that any American child can grow up to become President?

• A) self-development
• B) an urban myth
• C) hegemony
• D) the American dream

---

Definitions:

North American Free Trade Agreement

A trade agreement among the United States, Canada, and Mexico to reduce trade barriers and promote economic exchange.

Efficient Equilibrium

A state of balance in a market where resources are allocated in the most efficient way possible, with no room for welfare improvement without making someone else worse off.

Relative Price

The price of one good or service compared to another, usually indicating how much of one can be exchanged for the other.

Economic Outcome

The result of economic activities, often measured by metrics such as GDP growth, unemployment rates, and inflation.