Use the Following to Answer Questions

question 154

Multiple Choice

Use the following to answer questions :
Table: Peanut Butter and Jelly

-(Table: Peanut Butter and Jelly) Look at the table Peanut Butter and Jelly. Suppose a market basket consists of 20 jars of peanut butter and 10 jars of jelly. What is the value of the market basket in 2013?

• A)$3.35
• B)$40
• C)$42
• D)$44.50

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Definitions:

Automobile

A wheeled motor vehicle used for transportation, typically carrying passengers.

Competition

A market condition where various sellers vie to attract customers by offering better terms, services, or goods.

Specialization

The process of focusing effort and resources on a specific task or area of production to increase efficiency and expertise.

Trade

The exchange of goods, services, or both within or between countries.