The Equilibrium Point Reflects Which of the Following in an International

question 38

Multiple Choice

The equilibrium point reflects which of the following in an international market?

• A) Market intersection
• B) Intersection of supply and demand curves
• C) Demand quotient
• D) Supply/demand point
• E) Market point

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Definitions:

Blue Collar

A description characterizing skilled and semi-skilled workers who perform manual labor or work in service or clerical jobs.

Upper Class

An elite and largely self-sustaining group who possess most of the country’s wealth; they constitute about 1 percent of the U.S. population.

Caste System

A form of social stratification in which status is determined by one’s family history and background and cannot be changed.

Social Mobility

The movement of individuals or groups within the hierarchical system of social classes.