In the Economy of Mungo,there Is a Third Person Called

question 24

Multiple Choice

In the economy of Mungo,there is a third person called Ike.Ike has a red income of 90 and a blue income of 25.Recall that blue prices are 1 bcu (blue currency unit) per unit of ambrosia and 1 bcu per unit of bubble gum.Red prices are 2 rcus (red currency units per unit of ambrosia and 6 rcus per unit of bubble gum.You have to pay twice for what you buy, once in red currency, once in blue currency.If Ike spends all of his blue income but not all of his red income, he must consume

• A)at least 15 units of ambrosia.
• B)at least 15 units of bubble gum.
• C)at least 10 units of bubble gum.
• D)exactly twice as much bubble gum as ambrosia.
• E)equal amounts of ambrosia and bubble gum.

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Definitions:

Type A Personality Traits

Characteristics typically including competitiveness, urgency, aggression, and a high level of stress.

External Locus of Control

The belief that one's life events are largely due to external factors or forces beyond one's control.

Low Self-esteem

A condition characterized by a lack of confidence and feeling unworthy or incapable, often affecting one's mental health and interactions.

Self-efficacy Expectations

Beliefs about one's ability to perform behaviors necessary to achieve desired outcomes.