An intertemporal budget constraint ________
A) describes how much time an individual consumer has to spend their disposable net national product
B) is independent of the real interest rate and wealth of the household
C) divides consumption spending into three categories: spending on durables, non-durables and services
D) describes how much a person can consume today versus tomorrow
D
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Refer to Scenario 15.3. Which of the following would raise $X?
A) Lower current income B) Lower expected growth in income C) Lower mortality rates D) Lower interest rates E) Higher age at time of death
Compared to those with less economic freedom, countries with more economic freedom generally have ____ per capita GDP levels and ____ growth rates.
What will be an ideal response?
When U.S. residents buy products that were made in Japan, then ultimately the Japanese want
A. dollars. B. Japanese goods. C. goods, including U.S.-made goods. D. yen.
Refer to the information provided in Figure 7.11 below to answer the question(s) that follow. 
Figure 7.11
Refer to Figure 7.11. If the firm's cost of capital is $15 per unit and its cost of labor is $30 per unit, the isocost line represents a total cost of
A. $2,000. B. $3,000. C. $6,000. D. $8,000.