Refer to the budget line in the figure. If the price of a loaf of bread is 50 cents, what is the consumer's annual income?
a. $20
b. $60
c. $80
d. $40
d. $40
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The United States uses a single payer model of healthcare in which the government pays for all healthcare. Because a single payer model of health care creates no deadweight loss, most economists agree that the U.S. system of health care is efficient
A) Both sentences are false. B) The first sentence is false; the second sentence is correct. C) The first sentence is correct; the second sentence is false. D) Both sentences are correct.
Answer the following statements true (T) or false (F)
1. Demand is a list of needs or wants, regardless of purchasing power. 2. There is a difference between demand and quantity demanded. 3. A typical demand schedule shows higher sales at lower prices. 4. The quantity of goods demanded is a function of price alone. 5. An increase in demand causes price to rise and quantity sold to fall.
The thesis of racial inferiority is rather recent
Indicate whether the statement is true or false
The need for a lender of last resort was identified as far back as:
A. 1913, when the Federal Reserve was created. B. the start of the Great Depression in 1929. C. 1776, by the first U.S. Secretary of the Treasury, Alexander Hamilton. D. 1873, by British economist Walter Bagehot.