Refer to the above table. Assume the consumer spends his entire income. The price of hamburger is $1, the price of a movie is $6, and the consumer has $15. What is the consumer's optimum?

The idea of policy making being undertaken as a response to a change in the economy is referred to as

A) active policy making. B) non-discretionary policy making. C) passive policy making. D) Keynesianism.

A majority of international transactions involve the buying and selling of _____

a. bank deposits denominated in foreign currency b. currency notes c. traveler's checks d. stocks denominated in domestic currency e. bills of exchange

SW's per-seat revenue on the same 1,000-mile trip length was higher than that of every airline except ______.

Fill in the blank(s) with the appropriate word(s).

Income taxes are an automatic stabilizer because when income falls, ceteris paribus, tax receipts

A. Fall as taxpayers experience bracket creep. B. Rise because automatic stabilizers work against the cyclical movements of the GDP. C. Fall because income taxes are regressive. D. Fall because taxes are computed on the basis of income.