The combinations of goods X and Y that are affordable to the consumer are defined by the:
A. budget set.
B. income line.
C. consumption set.
D. budget constraint.
Answer: A
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When the price level is rising at ______ and the real interest rate is 1 per-cent a year, the nominal interest rate is 3 percent a year
A. 4 percent a year B. 3 percent a year C. 2 percent a year D. 1 percent a year
Under Special 301, what is the U.S. government required to do?
What will be an ideal response?
Which statement about the economic impact of immigration is true?
a. State and local governments bear most of the costs of immigration. b. The federal budget pays the costs associated with educating immigrants. c. Immigration tends to have a positive effect on state and local budgets. d. Immigration tends to have a negative effect on the federal budget.
Reducing involuntary unemployment:
a) Helps the economy move on to the Production Possibility Frontier b) Helps shift the economy's Production Possibility Frontier inwards c) Helps the economy move along its Production Possibility Frontier d) Helps the economy move inside the Production Possibility Frontier