A shift in the consumption function:
a. is based on the marginal propensity to consume.
b. can be caused by a change in the price level.
c. can be caused by a change in GDP.
d. None of these.
b
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The statement "The income tax is unfair to those who work hard to earn their incomes" is an example of positive economic analysis
a. True b. False Indicate whether the statement is true or false
Wage differentials may result from all the following except:
A. differences in the nonmonetary aspects of various occupations. B. differences in the education and skills of workers. C. geographic and sociological immobilities of workers. D. the tendency of qualified workers to move from lower pay jobs to higher pay jobs.
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 
Figure 7.10Refer to Figure 7.10. At Point A the absolute value of the slope of the q1 = 100 isoquant is
A. less than 2. B. exactly equal to 2. C. greater than 2. D. indeterminate from this information.
A government-imposed maximum price will have no economic impact if
A. it is above the equilibrium price. B. it is below the equilibrium price. C. it is at or below the equilibrium price. D. there is a fixed supply of the good.