Trevino Is a Silversmith and Works with Various Metals

question 83

Multiple Choice

Trevino is a silversmith and works with various metals. At the end of the day, he reclaims and separates each metal by using an inexpensive toxic acid though other methods are available. The risk of fire as well as health dangers to Trevino is unknown. Trevino should:

• A) dispose of the used acid by pouring it down the drain since the government will take care of any environmental issues that come from polluting the water.
• B) get a fire insurance policy and make sure to visit the doctor regularly.
• C) switch to another potentially less dangerous method of separating each metal.
• D) pour it out in back of the studio in the gutter.

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Definitions:

Income Elasticity of Demand

A measure of how much the quantity demanded of a good changes as a consumer's income changes.

Consumers' Incomes

The total amount of money earned by consumers, which affects their purchasing power and demand for goods and services.

Proportionately Faster

Implies a rate of increase or growth that exceeds another in relative terms, not just in absolute numbers.

Income of Consumers

Refers to the total earnings received by individuals or households, including wages, salaries, benefits, and returns from investments.