The opportunity set contains:
a. a single combination of consumption that someone can afford given the prices of goods and the individual’s income.
b. all possible combinations of consumption that someone can afford given the prices of goods regardless of the individual’s income.
c. all possible combinations of consumption that someone can afford given the prices of goods and the individual’s income.
d. a single combination of consumption that someone can afford given the prices of goods regardless of the individual’s income.
c. all possible combinations of consumption that someone can afford given the prices of goods and the individual’s income.
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When Electronic Arts, the company behind the games Zuma and Plants vs
Zombies, sold stock to the public for the first time in September 1989, funds were being raised in a ________ market, and when those newly issued shares are resold to other buyers, the sales take place in a ________ market. A) primary; primary B) secondary; secondary C) primary; secondary D) secondary; primary
A regional airport decides to extend a runway, increasing the amount of noise pollution on nearby homes. Assume that an optimal corrective tax can be applied
Should that tax be paid as compensation to the nearby homeowners? How might compensating the homeowners change their (and potentially others) incentives?
Suppose that X and Y are complementary goods. If the price of good X decreases, we can expect the
a. demand for good X to increase b. quantity demanded of good Y to decrease c. quantity demanded of good Y to increase d. demand for good Y to decrease e. demand for good Y to increase
The tool most frequently relied on by the Fed is
a. interest rate changes. b. changing the money multiplier. c. changing the discount rate. d. open market operations. e. changing the reserve ratio.