The available credit limit we have in a credit card reflects the amount of money we hold in our savings account
a. True
b. False
Indicate whether the statement is true or false
False
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A risk averse person's utility of wealth curve has a
A) positive slope and becomes steeper to the right. B) positive slope and becomes flatter to the right. C) negative slope and becomes steeper to the right. D) negative slope and becomes flatter to the right.
Which of the following decreases the supply of labor that competes with union labor?
A) an increase in the minimum wage B) an increase in the demand for imported goods C) new laws that restrict immigration D) All of the above would cause a decrease in the supply of labor that competes with union labor.
Higher production indifference curves correspond to larger amounts of one input in relation to a second input.
Answer the following statement true (T) or false (F)
The LM curve
A) is horizontal. B) is vertical. C) slopes downward. D) slopes upward.