In an indifference curve/budget line diagram, at your consumer equilibrium, that is, your best affordable point, which of the following statements is CORRECT?
A) Any movement upward or downward on your budget line will move you to a less preferred point.
B) Any movement upward or downward on your indifference curve will move you to a less preferred point.
C) Your marginal rate of substitution is greater than the magnitude of the budget line by as much as possible.
D) All of the above are correct.
A
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A. those who experience the transition may find it difficult in the short run. B. it canbe seen as a success in the short run. C. outsourcing willalways be good for every member of a society. D. in the long run people may not like it, but no one will complain in the short run.
A country has a comparative advantage in the production of DVD players if it can produce DVD players at a lower opportunity cost than others
a. True b. False Indicate whether the statement is true or false
An example of a way employers can minimize moral hazard is to:
A. monitor employees' computer activity. B. videotape the workplace. C. offer bonuses for consistent productivity. D. All of these are ways to minimize moral hazard.
Describe the trend in the rate of productivity from 1973 to 1995 and then from 1995 to 2012
Please provide the best answer for the statement.