Which from the Following List Would Be Described as an Economic

question 75

Multiple Choice

Which from the following list would be described as an economic issue?

• A)the abortion controversy
• B)poverty
• C)gay rights
• D)the family values debate

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Definitions:

Bananas

A tropical, edible fruit, curved in shape and rich in potassium, produced by various types of large herbaceous flowering plants.

Perfect Substitute

Products or goods that can serve the same purpose perfectly, such that a consumer is indifferent to which product they use.

Nuts

Edible seeds enclosed in a hard shell, often enjoyed as a snack or used in cooking.

Utility Function

A mathematical representation of how consumers rank different bundles of goods based on the satisfaction each bundle provides.