Jim has $600 a week to spend on clothing and food. The price of clothing is $30 and the price of food is $5. The clothing and food pairs in Jim's choice set include ________ units of clothing and ________ units of food.
A. 15; 70
B. 20; 50
C. 0; 200
D. 10; 60
Answer: D
Economics
You might also like to view...
The Medicaid program is financed by _____
a. excise taxes b. state governments c. the federal government d. state governments and the federal government
Economics
In the simple Keynesian Cross model, the equilibrium level of real disposable income is determined by: a. the real interest rate
b. prices. c. aggregate expenditures. d. aggregate supply.
Economics
List and explain the two different approaches used to measure GDP
Economics
All of society's applied knowledge on how to produce goods and services is
A. held by university professors. B. opportunity cost. C. called technology. D. efficiency.
Economics