If a household's income doubles, its budget constraint will
A. shift in parallel to the old one.
B. shift out parallel to the old one.
C. pivot at the Y-intercept.
D. be unaffected.
Answer: B
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What will be an ideal response?
Banking began in
A. biblical times. B. medieval times. C. the 19th century. D. the 20th century.
The choice of a good is path dependent when
A) consumers get utility from consuming goods that others are consuming, such as restaurants. B) the first technology that was adopted has an advantage over a better technology that came later. C) people who move location follow the path of people who moved before them. D) it can only be used in one way.
ERISA stands for
A. Employer Return on Income Security Act. B. Equal Retirement, Investments, and Solvency Act. C. Employer and Retiree Income Security Act. D. Employee Retirement Income Security Act.