The ________ combination of goods is the combination that yields the highest total utility given a consumer's income.
A. economical
B. affordable
C. optimal
D. utility satiating
Answer: C
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If the cost of the CPI market basket at current period prices is $275 and the cost of the CPI market basket at base period prices is $350, the CPI is
A) 275. B) 79. C) 100. D) 350. E) 127.
Emigration is when people leave a country because of supply push factors
Indicate whether the statement is true or false
Private initiative and financing were most important in
(a) the canal system of transportation. (b) the steamboat system. (c) the railroad system. (d) none of the transportation systems.
The economic expansion that began in 1991
a. lasted approximately five years. b. lasted approximately twelve years. c. lasted approximately nine years. d. was the longest expansion in U.S. history. e. was the second longest expansion in U.S. history.