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Noah Has Strung Together a Necklace of a Dozen Colorful

question 69

Multiple Choice

Noah has strung together a necklace of a dozen colorful beads as a birthday present for his mother.Which of the following is most likely to be TRUE with regard to Noah?


Definitions:

Income

The money received by an individual or business in exchange for labor, services, or investment, constituting the financial gain derived from various sources over a period of time.

Budget Line

A graphical representation of all possible combinations of two goods or services that a consumer can purchase at given prices within his or her budget constraint.

Commodity 1

A basic good used in commerce that is interchangeable with other goods of the same type.

M.B.A.s

Master of Business Administration; a graduate degree focusing on business administration and investment management.

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