Suppose that Trey spends all of his income on vacation trips and textbooks. If the price of a trip is $200 and the price of a textbook is $50, then the slope of his budget line (assuming vacation trips are measured on the vertical axis) would be
a. -4
b. 4
c. 0.25
d. -1.75
e. -0.25
E
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If Tanisha can audit more tax returns in one hour than Libby, then Tanisha has an absolute advantage in auditing tax returns
Indicate whether the statement is true or false
The Fed and Treasury took action to restore the flow of funds from savers to borrowers in order to encourage all of the following EXCEPT:
A) increase the return to savers B) enable households to purchase durable goods C) increase the likelihood of purchases of houses D) allow firms to finance purchases of structures and equipment
The effect on short-run equilibrium output of a one-unit increase in autonomous expenditure is called:
A. Okun's law. B. average labor productivity. C. the income-expenditure multiplier. D. the marginal propensity to consume.
Who first studied job motions with bricklayers, studying how fewer hand motions made the work faster?
a. max weber b. abraham maslow c. douglas mcgregor d. frank gilbreth