Figure 5-5 shows a consumer budget line for french fries and hamburgers. The price of an order of fries is $2. This implies that the price of a burger is
A. $1.
B. $2.
C. $4.
D. $8.
Answer: A
You might also like to view...
Fiat money means
A) only currency counts as money. B) the money can be converted into gold. C) the government has decreed that something is money. D) Italian currency. E) money's value does not change.
When government action leads to inefficiency, it is known as
A) government failure. B) government as usual. C) lack of government trust. D) politics.
Doomsday projections have generally
a. been correct. b. been incorrect, but with better technology and the ability to predict the future, these forecasts have become much more accurate in the last few decades. c. been inconsistent. Some projections came true, others failed. d. been wrong.
The Lorenz curve shows the distribution of
A. wealth. B. income. C. poverty. D. jobs.