Comparing the income effects between salt and housing, the
A. income effect for housing will be greater.
B. two income effects will be in the opposite direction.
C. income effect for salt will be greater.
D. two income effects will be about the same.
Answer: A
You might also like to view...
Fill in the blank: ________ leads to speculation
A) Love B) Uncertainty C) Greed D) Money E) Sin
When individuals are unemployed because they lack the qualifications to fill available jobs, this is called
a. frictional unemployment. b. natural unemployment. c. cyclical unemployment. d. structural unemployment.
The differences in the desirability of different jobs within a company could give rise to a compensating differential between workers
a. True b. False Indicate whether the statement is true or false
Which of the following would be the least likely result of a binding price ceiling imposed on the market for rental cars?
a. an accumulation of dirt in the interior of rental cars b. poor engine maintenance in rental cars c. free gasoline given to people as an incentive to a rent a car d. slow replacement of old rental cars with newer ones