In order to be able to consume more in the future, you have to consume
A. more consumer goods.
B. less today and save the difference.
C. fewer capital goods.
D. more today to increase supply.
Answer: B
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The budget line represents a consumer’s preferences for a commodity.
Answer the following statement true (T) or false (F)
Which of these people is neither employed nor unemployed?
a. Vince, a 17 year old, who is working at a bakery to pay his tuition bills b. Jack, an employee fired last month, who is not actively looking for a paid job c. Kate, a software engineer, who is working as a software developer d. Dave, a professional chef, who is working at a restaurant
Which of the following is not likely to be a government objective?
a) Increasing employment b) Increasing economic growth c) Increasing government spending d) Increasing the level of exports
Which of the following disperses power between two legislative chambers?
A. federal countries B. bicameral countries C. unitary countries D. higher law constitutions