Carlos Has at One Time or Another Lived in Argentina

question 17

Multiple Choice

Carlos has at one time or another lived in Argentina, Bolivia, and Colombia.He buys only two goods, x and y.In Argentina the prices were ($9, $3) and he consumed the bundle (6, 7) .In Bolivia he consumed (9, 2) .In Colombia he consumed the bundle (6, 5) at the prices ($3, $3) .

• A)The Argentine bundle is directly revealed preferred to the Bolivian bundle.
• B)The Argentine bundle is indirectly revealed preferred to the Bolivian bundle.
• C)The Colombian bundle is directly revealed preferred to the Argentine bundle.
• D)The Bolivian bundle is indirectly revealed preferred to the Argentine bundle.
• E)None of the above.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interests and rights to dividends.

Workers

Workers are individuals engaged in physical or intellectual activities to produce goods or provide services in exchange for wages.

Managers

Individuals in an organization responsible for controlling or administering all or part of a company, often involved in making crucial corporate decisions.

Pork-Barrel Legislation

Government spending or appropriations that are intended to benefit constituents of a politician in return for their political support, often through local or state projects that are not necessarily needed.