Using the data in the above table, if income is on the x-axis and the amount spent on restaurant meals is on the y-axis, the slope of the straight line graph equals
A) 0.2.
B) 0.4.
C) 0.5.
D) 2.5.
B
Economics
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Food stamps provided by the U.S. Department of Agriculture are an example of
A) a positive externality. B) a private subsidy. C) vouchers. D) an external benefit.
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For state nonmember banks, the "primary" federal regulator is the
A) Federal Reserve. B) FDIC. C) House Banking Committee. D) Comptroller of the Currency.
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If both firms plan to be in business for one-year, the Nash Equilibrium will be
a. For each firm charge LP b. For neither firm to charge LP c. For one firm to charge LP and the other HP d. None of the above.
Economics
In the long run aggregate:
A. demand is fixed. B. supply is fixed. C. demand tends to shift to the right. D. supply tends to shift to the left.
Economics