The Price of a Gallon of Gasoline Increased from $2

question 93

Multiple Choice

The price of a gallon of gasoline increased from $2.00 to $2.25 while the price of a ride on the city bus increased from 50 cents to 75 cents. The relative price of riding the city bus

• A) increased from 0.25 to 0.6.
• B) decreased from 4.0 to 3.0.
• C) stayed constant at 0.25.
• D) stayed constant at 4.0.

Grasp the role and functions of the Federal Reserve in regulating monetary policy.

Describe the policymaking process and the stages involved.

Understand the impacts of economic policies on national and individual financial health.

Assess the effects of specific state policies on immigration and their controversies.

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Definitions:

Centralized Planning

An organizational approach where decision-making and planning processes are concentrated in a central location or group, often associated with governmental or large organizations' initiatives.

Nursing Home Care

Specialized residential care provided to elderly or disabled individuals who require constant medical and personal attention.

Medicare

A federal health insurance program in the United States primarily for people aged 65 and older, as well as for younger people with certain disabilities.

African-American

Americans of an ethnic group who have full or partial heritage from one or more of Africa's black racial groups.