Harvey and Matt Are Debating Whether the Alcohol in Beer,wine,and

question 3

Multiple Choice

Harvey and Matt are debating whether the alcohol in beer,wine,and liquor is different.Harvey says that all contain ethyl alcohol.Matt says that each contains a different type of alcohol.Who is right?

• A) Harvey is partially right, since beer does not contain ethyl alcohol, but wine and liquor do.
• B) Matt is right. Each drink contains different types of alcohol.
• C) Harvey is partially right. Beer and wine, but not liquor, contain ethyl alcohol.
• D) Harvey is right. Beer, wine, and liquor contain ethyl alcohol.

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Definitions:

Capitalist Income

The earnings from capital investment, including profits, interest, and dividends, attributed to owners in a capitalist economy.

Unionism

The principles, practices, or the system of forming and belonging to a labor union to protect and further the rights and interests of workers.

Normal Profit

The payment made by a firm to obtain and retain entrepreneurial ability; the minimum income that entrepreneurial ability must receive to induce entrepreneurs to provide their entrepreneurial ability to a firm; the level of accounting profit at which a firm generates an economic profit of zero after paying for entrepreneurial ability.

Entrepreneurial Talent

The unique skills and abilities possessed by individuals that enable them to innovate, start new businesses, and drive economic growth.