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:

L-Data Technique

A methodological approach in psychology that involves using life record data, such as school records or survey responses, to assess personality.

Real-Life Settings

Environments or situations that occur in the natural, everyday world, outside of controlled or artificial experimental conditions.

Questionnaires

A method of research involving a series of written or oral questions to gather information from respondents.

Human Nature

The inherent characteristics, including ways of thinking, feeling, and behaving, that all humans are presumed to share.