Refer to Figure 14.1. Other things equal, an increase in transfer payments is best represented as a movement from
A) point A to point B.
B) point B to point A.
C) point C to point A.
D) point B to point C.
B
You might also like to view...
Most of the investment decisions in the U.S. economy are made by
a. consumers. b. businesses. c. governmental institutions. d. international financial agencies.
The law of demand refers to the
a. decrease in price that can be expected as more units of a product are demanded. b. increase in price that results from an increase in demand for a good of limited supply. c. inverse relationship between the price of a good and the quantity demanded. d. increase in the quantity of a good available when its price increases.
Why are beef and leather complements in production?
a. The production of one enables the production of the other. b. They both can be produced using the same technology. c. They both can be used by consumers for the same purposes. d. The production of one negates the production of the other.
When considering different investments, a risk-averse investor is most likely to focus on purchasing:
A. investments that offer the lowest standard deviation in the investments' expected rates of return for any given expected rate of return. B. investments with the lowest risk premium, regardless of the expected rate of return. C. investments with the greatest spread in the expected rate of return. D. only risk-free investments.