A Worker Lives on a Large Piece of Land in a Southern

question 54

Multiple Choice

A worker lives on a large piece of land in a southern country where thousands of others are making a subsistence living.Sugar cane is being grown and the land is owned by a wealthy British family.All of the sugar is being exported to Europe.Where is this worker living?

• A) a sugary
• B) a plantation
• C) an estate
• D) a farm

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Definitions:

Utility Function

A mathematical representation describing how a consumer ranks different bundles of goods based on the level of satisfaction each bundle provides.

Budget Constraint

Describes the combinations of goods and services that a consumer can purchase given their income and the prices of the goods.

Income

Earnings received by an individual or entity, typically in the form of wages, salaries, or investment returns, over a specified period.

Apples

Edible fruits from the apple tree, used in various cuisines and known for their health benefits.