The indifference curves for nickels and dimes are straight lines
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Use the following table to answer the question below.(1)(2)(3)(4)(5)QdQdPriceQsQs5040$1070806050960708060850609070740501008063040Suppose that market demand is represented by two demanders in columns (1) and (2) and market supply is represented by two suppliers in columns (4) and (5). If the price were artificially set at $6
A. demand would change from (2) to (1). B. a surplus of 50 units would occur. C. the market would clear. D. a shortage of 110 units would occur.
John is expecting to get a hike in his monthly salary after three months. Assuming all else equal, this is likely to cause a(n) ________ his current credit demand curve
A) leftward shift in B) upward movement along C) rightward shift in D) downward movement along
Which of the following statements about U.S. exports and imports is true?
a. Exports comprise a higher percentage of GDP than imports do. b. Quotas serve to keep the ratio of exports to imports constant. c. Since 1960, exports and imports typically have not risen above 5% of GDP. d. Since 1960, both exports and imports have grown as a percentage of GDP.
If an individual receives in-kind transfers from the government in the form of food stamps, public housing, and so on, his money income is
A. greater than his total income. B. equal to his in-kind income plus his wages. C. less than his total income. D. the same as his total income.