Which Term Refers to the Rate at Which a Consumer

question 96

Multiple Choice

Which term refers to the rate at which a consumer is willing to exchange one good for another,maintaining a constant level of satisfaction

• A)the relative exchange ratio
• B)the value of marginal product
• C)the marginal rate of substitution
• D)the relative price ratio

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Definitions:

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of illness, injury, and other physical and mental impairments in people.

Brown V. Board

Reference to the landmark 1954 U.S. Supreme Court decision, Brown v. Board of Education, that declared state laws establishing separate public schools for black and white students to be unconstitutional.

Unconstitutional

Actions or laws that are not in accordance with the constitution.

Racial Segregation

The enforced separation of different racial groups in daily life, such as in schooling, housing, and employment.