Indifference curves show all combinations of commodities that are equally desirable to the consumer.
Answer the following statement true (T) or false (F)
True
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How can we use the information from the table shown to compare the real value of the 1979 salary to that of the one earned in 2009?
A. You can see that the salary has increased from $43,265 to $170,844.
B. You need to put the 2009 salary into real 2009 terms to compare it to 1979.
C. You need to put both salaries into real dollars in the same year for comparison.
D. There is no real way to compare the two without more information.
Aggregate demand curves are
A) downward sloping. B) upward sloping. C) horizontal. D) vertical.
Given U.S. tax laws, persistently high inflation may result in
a. They increase growth because particulates provide an additional carbon source b. faster economic growth because the after-tax real interest rate is higher. c. slower economic growth because the after-tax nominal interest rate is lower. d. faster economic growth because the after-tax nominal interest rate is higher.
If a country allows its currency's value to be determined in the market for foreign exchange, it has a:
A. prime exchange rate. B. key exchange rate. C. fixed exchange rate. D. floating exchange rate.