According to the Following Graphs,at Point B, the Price

question 11

Multiple Choice

According to the following graphs,at point B, The price of Y is $15 per unit.

• A)the consumer can exchange one unit of X for one unit of Y and keep income unchanged.
• B)the marginal rate of substitution of X for Y is greater than it is at point A.
• C)the consumer's utility is greater than it is at point A.
• D)both a and b
• E)all of the above

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Definitions:

Pendleton Act

A United States federal law enacted in 1883, establishing that government jobs should be awarded based on merit rather than political affiliation.

Hatch Act

A U.S. federal law that prohibits civil service employees in the executive branch from engaging in some forms of political activity.

Political Management

The strategic planning, organization, and direction of political campaigns, parties, or candidates, aiming to achieve electoral success and influence policy-making.

Spoils System

A practice where a political party, after winning an election, gives government jobs to its supporters, friends, and relatives as a reward for working toward victory, and as an incentive to keep working for the party.