Suppose a New Use for Aluminum Has Been Discovered,making Aluminum

question 64

Multiple Choice

Suppose a new use for aluminum has been discovered,making aluminum more expensive.In a market system,

• A) aluminum roof producers may choose to look for substitutes for aluminum.
• B) aluminum producers will choose to increase production of aluminum.
• C) auto manufacturers will find it in their best interest to use more aluminum.
• D) A and B are correct.

---

Definitions:

Mental Age

A measure of an individual's mental attainment as compared to the average mental ability of individuals of a specific chronological age.

Stanford-Binet Intelligence Scale

A standardized test designed to measure human intelligence and cognitive abilities in five factors: fluid reasoning, knowledge, quantitative reasoning, visual-spatial processing, and working memory.

Intelligence Quotient

A numerical measure of a person's cognitive abilities relative to their age group, typically obtained through standardized tests.

Stanford-Binet Intelligence Scale

A standardized test designed to measure human intelligence and cognitive abilities based on a series of questions and tasks.