Which of the following is true regarding income along a price-consumption curve?
A) Income is increasing.
B) Income is decreasing.
C) Income is constant.
D) The level of income depends on the level of utility.
C
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Slaves were only used in Southern agriculture
Indicate whether the statement is true or false
According to the graph shown, the government can restrict trade by imposing a quota of:
This graph demonstrates the domestic demand and supply for a good, as well as a quota and the world price for that good.
A. 350.
B. 900.
C. 1150.
D. 1500.
Two variables that systematically change together are correlated
a. True b. False Indicate whether the statement is true or false
If the dollar appreciates against the Mexican peso, consumers in Mexico are likely to buy more local products, and consumers in the United States are likely to buy more Mexican products. This phenomenon is known as:
a. forward exchange rates. b. currency pass through. c. expenditure switching. d. depreciation of the dollar.