MATCHING Match Each Description with the Item Below

question 27

Multiple Choice

MATCHING
Match each description with the item below.
-John Eaton

• A)offered as a toast at a Jefferson Day dinner: "Our Union-It must be preserved!"
• B)was the husband of the woman snubbed by wives of cabinet members
• C)called the "Little Magician"
• D)was the director of the Bank of the United States
• E)resigned the vice presidency in 1832
• F)was Jackson's opponent for president in 1832
• G)won the presidency with his "Log Cabin and Hard Cider" campaign
• H)as a Massachusetts senator, said "Liberty and Union, now and forever, one and inseparable"
• I)was a presidential candidate for the Anti-Masonic party in 1832
• J)was the 1840 Whig vice presidential candidate

Apply mathematical equations to represent budget constraints and solve for optimal consumer choices.

Recognize the effect of market dynamics such as price changes or income fluctuations on household budget constraints and choices.

Identify and analyze changes in the budget constraint resulting from changes in the price of complementary and substitute goods.

Critically assess the implications of a perfectly competitive market on consumer knowledge and budget constraints.

---

Definitions:

Suggested Retail Price

The price that manufacturers recommend retailers to sell their products for to consumers.

Mark-Up

The markup on goods’ cost intended to defray overhead expenditures and yield profit.

Operating Expenses

The costs associated with the day-to-day operations of a business.

Operating Profit

Earnings derived from a corporation's principal operations, before subtracting interest and taxes.