Which Would You Rather Have: a Decigram or a Kilogram

question 77

Multiple Choice

Which would you rather have: a decigram or a kilogram of gold?

• A)a decigram of gold because this is 100 times as much as a kilogram of gold
• B)a decigram of gold because this is 1000 times as much as a kilogram of gold
• C)a kilogram of gold because this is 1000 times as much as a decigram of gold
• D)a kilogram of gold because this is 10,000 times as much as a decigram of gold

Realize the purpose and nature of economic models and statements.

Apply the concept of opportunity cost in the context of consumer choice between different goods.

Evaluate the effects of changes in income and prices on consumer behavior and budget lines.

Understand the concept of total fertility rate and its impact on population dynamics.

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Definitions:

Market Value

The current quoted price at which an asset or service can be bought or sold in a marketplace.