If an Individual Demands a Good,it Means That He or She

question 64

Multiple Choice

If an individual demands a good,it means that he or she

• A)Has a strong desire for the good.
• B)Is willing and able to purchase the good at some price.
• C)Must need the good.
• D)Prefers the good to all other choices.

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Definitions:

President Chester A. Arthur

The 21st President of the United States, serving from 1881 to 1885, known for his efforts in civil service reform and the Pendleton Civil Service Reform Act.

Tariff Rates

Taxes imposed on imported or sometimes exported goods, with the aim of protecting domestic industries, generating revenue, or regulating trade.

Pendleton Civil Service Act

A federal law passed in 1883 that mandated positions within the federal government be awarded on the basis of merit instead of political affiliation, significantly curbing the spoils system.

President Rutherford B. Hayes

The 19th President of the United States, serving from 1877 to 1881, known for ending the Reconstruction era through the Compromise of 1877.