Suppose the Price of a Football Is $20

question 139

Multiple Choice

Suppose the price of a football is $20.00 and the price of a basketball is $10.00. The ________ of a football is ________.

• A)relative price; 2 basketballs per football
• B)relative price; 1/2 basketball per football
• C)opportunity cost; $15.00
• D)opportunity cost; $10.00
• E)relative price; $10

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Definitions:

Downward Trend

A situation in which market prices, economic indicators, or other measured data show a consistent decline over time.

Fracking

Fracking, short for hydraulic fracturing, is a technique used to extract oil and natural gas from the earth by injecting high-pressure fluid into underground rocks.

Natural Gas

A fossil fuel composed primarily of methane, used as a source of energy for heating, cooking, and electricity generation.

Contaminated

Made impure or unsuitable by contact or mixture with a harmful substance.