Suppose that Julia receives a $20 gift card for the local coffee shop, where she only buys lattes and muffins. If the price of a latte is $4 and the price of a muffin is $2, then we can conclude that Julia:
A. should only buy muffins.
B. should only buy lattes.
C. can buy 5 lattes or 10 muffins if she chooses to buy only one of the two goods.
D. can buy 5 lattes and 10 muffins with her $20 gift card.
Answer: C
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a. approximately equal to their incomes b. unequally distributed among the colonists c. about the same as in 1973 d. approximately zero because there was no appreciable accumulation of assets e. equally distributed among the colonists
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Answer the following statement true (T) or false (F)
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Please provide the best answer for the statement.