The budget constraint 12,000 = 2X + 4Y has a slope equal to –2 where Y is on the vertical axis
Indicate whether the statement is true or false
F
You might also like to view...
Adam Smith listed three types of motives for people holding money?transaction, precautionary, and speculative
a. True b. False Indicate whether the statement is true or false
Most people's natural aversion against complex mathematical problems is an example of:
A. Confirmation bias B. A mental heuristic C. Rational choice D. Cognitive bias
Investment in social overhead capital refers to investment in areas like power plants and road construction.
Answer the following statement true (T) or false (F)
A tax imposed on a good can:
A. prevent the market from reaching an efficient equilibrium. B. encourage production of the good. C. discourage consumption of the good. D. increase the supply of complementary goods.