An increase in a consumer's income will cause the budget line to:
A. shift outward.
B. shift inward.
C. become steeper.
D. become flatter.
A. shift outward.
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Depository institutions undertake all the following activities EXCEPT they do not ________
A) print money B) minimize the cost of monitoring borrowers C) pool risk D) create liquidity
Important sources of conflict in colonial America include conflicts between all of the following except
(a) Slaves and masters (b) Native Americans and colonists (c) Puritans, Roman Catholics, and Protestants (d) Indentured servants and masters
Recent income distribution figures in the United States show
A) slightly more inequality. B) less inequality. C) greater equity. D) less equity.
Which of the following may lead to diseconomies of scale?
a. Specialization on the basis of comparative advantage b. Lack of coordination among the division heads c. Using larger and more efficient machineries d. Division of labor on the basis of capability e. Specialization of marketing, pricing, and research