-The Figure Above Shows the Relationship Between the Price of a Dozen

question 108

Multiple Choice

-The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell.The relationship between the price and the quantity the florist can sell is

• A) positive.
• B) negative.
• C) nonexistent.
• D) linear.
• E) cross-sectionally trended.

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Definitions:

Capital Account

The section of a nation’s international balance of payments statement in which the foreign purchases of that nation’s assets and that nation’s purchases of assets abroad are recorded.

Balance

This term can refer to the difference between total debits and total credits in an account, or to achieving a state of equilibrium in various contexts such as financial planning, work-life balance, etc.

Payments

Payments are the transfers of money or the consideration of goods or services from one individual or entity to another.

Gold Standard

A historical system of fixed exchange rates in which nations defined their currency in terms of gold, maintained a fixed relationship between their stock of gold and their money supplies, and allowed gold to be freely exported and imported.