In a one-period economy, all of the following are equivalent expressions of the budget constraint except
A) C = w(NS + l) + ? - T.
B) C = wNS + ? - T.
C) C = w(h - l) + ? - T.
D) C = wl = wh + ? - T.
A
Economics
You might also like to view...
Explain why a minimum wage is unfair
What will be an ideal response?
Economics
Retained earnings are
A) the funds held back to pay out dividends. B) the funds used to pay corporate taxes. C) profits not given out to stockholders. D) the reason there is double taxation.
Economics
Firms need to know the shape of a demand curve to use marginal analysis
a. True b. False Indicate whether the statement is true or false
Economics
Suppose that good X has few close substitutes and that good Y has many close substitutes. Which good would you expect to have more price elastic demand?
Economics