Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is EF. If her income decreases while the price of the goods are unchanged, her new budget constraint is
A. BD.
B. CD.
C. AD.
D. It is not shown on this graph.
Answer: B
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Which of the following is a result of increased real wages in the United States?
a. a decrease in the quantity of services demanded by households b. an increase in the opportunity cost of remaining employed in the home c. a decrease in the opportunity cost of working outside the home d. a decline in the number of households providing labor outside the home e. reduced use of labor-saving devices in households
Shortages are the same thing as excess:
A.) Supply caused by price floors. B.) Supply caused by price ceilings. C.) Demand caused by price floors. D.) Demand caused by price ceilings.
an expansionary monetary policy will cause the dollar to...... and will....... Canadian net exports
What will be an ideal response?
If you invest in a foreign company by buying 30 percent of its shares of stock, you have engaged in
A. foreign direct investment. B. moral hazard. C. portfolio investment. D. adverse selection.