What set of all possible combinations does the budget line show?
A. The set of all possible combinations that yield the same level of utility to the consumer.
B. The set of all possible combinations that maximize a consumer's utility.
C. The set of all possible combinations that can be purchased, given the consumer's income and the price of the goods.
D. The set of all possible combinations that are equilibrium points.
Answer: C
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The forecasting technique which involves the use of the least squares statistical method to examine trends, and takes into account seasonal and cyclical fluctuations, is known as
A) compound growth rate projection. B) the Delphi method. C) time series projection. D) exponential smoothing projection.
The benefit of the production of capital is
a. decreased current production of consumption goods b. increased future production of consumption goods c. the amount of roundabout production d. abundant capital accumulation e. the decreased amount of future capital available
Which buyers and sellers are included in the market under consideration depends on:
A. their physical proximity. B. the context. C. the income levels. D. their preferences.
Natural resources are examples such as __________ ?
a. Humans, buildings, cars; houses b. None of the mention resources c. Trees, body of waters; minerals d. goods, services, knowledge; cars