Which of the Following Statements Is True of Native American

question 48

Multiple Choice

Which of the following statements is true of Native American craftworks?

• A) Craftwork is the highest source of profits that meets the needs of Native Americans.
• B) The trading-post business has benefited Native American cultures.
• C) Selling objects as Native American crafts when it is not is a punishable crime.
• D) The Native American craftworks cannot be produced by mechanical duplication.

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Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied equals the quantity of goods demanded.

Equilibrium Quantity

The amount of products or services available matches the amount requested at the prevailing market rate.

Demand Increases

A situation where the desire and ability to purchase goods and services in a market rise, often leading to higher prices if supply remains constant.

Supply Decreases

A reduction in the quantity of a good or service that producers are willing to sell at a given price, often resulting in higher prices.