If You Pick Up a Package at the Grocery Store

question 41

Multiple Choice

If you pick up a package at the grocery store and it says,"grass-fed beef," what does that mean?

• A)The cows in the CAFOs were fed grass instead of grain.
• B)The cows have adapted,through several generations at the same farm,to digest grass instead of grain.
• C)The cows are allowed to roam freely and graze on pasturelands.
• D)The cows eat grass and quickly gain weight,making the meat very tender.
• E)Since they are grass-fed,the cows have also been given high amounts of antibiotics.

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Definitions:

Consumption

Families or individuals partaking in the use of goods and services.

Interest Rate

The percentage of a sum of money charged for its use, often expressed on an annual basis.

Income

The financial benefit achieved regularly through employment or committing capital.

Utility Function

A mathematical representation in economics that assigns a value to each possible choice or bundle of goods to reflect the satisfaction or happiness a consumer derives from it.