A consumer's budget constraint is determined by:
A. a consumer's income.
B. a consumer's income and preferences.
C. a consumer's income and the prices of the goods she buys.
D. a consumer's preferences and the prices of the goods she buys.
C. a consumer's income and the prices of the goods she buys.
You might also like to view...
When a check is cleared against Bank A after being deposited at Bank B, _____
a. both Bank A's and Bank B's liabilities increase b. both Bank A's and Bank B's liabilities decrease c. Bank A's liabilities increase and Bank B's liabilities decrease d. Bank A's liabilities decrease and Bank B's liabilities increase e. there is an increase in the liabilities of the Federal Reserve
Suppose Jones sells a good for $100 at a yard sale. If the producer surplus from the sale is $75, Jones's cost of the good must have been:
a. $100 b. $175. c. $25 d. equal to the deadweight loss.
Did the fiscal policy of the 1930s bring an end to the Great Depression?
a. No, government spending and budget deficits as a share of GDP were relatively small during the 1930s, and there is little evidence that fiscal policy did much to stimulate output. b. No, even though budget deficits steadily rose from 2 percent of GDP in the early 1930s to more than 10 percent of GDP in 1939, this expansionary fiscal policy had little effect on output. c. Yes, even though the spending programs of the New Deal led to budget deficits, they also led to a steady reduction in the rate of unemployment during the latter half of the 1930s. d. Yes, the fiscal policy that kept the federal budget balanced throughout the 1930s created a stable business climate and eventually stimulated investment.
Numerically, the dominant type of business enterprise in the United States is
A) the corporation. B) the partnership. C) the proprietorship. D) the multinational corporation.