Refer to the above graphs. Which pairs of budget constraints represent only a decrease in the price of good A, but no change in income or change in the price of good B?
A. Graph A
B. Graph B
C. Graph C
D. Graph D
Answer: C
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Under Obamacare, residents who do not have health insurance that meets certain basic requirements are subject to a tax penalty
Indicate whether the statement is true or false
In 2010, in order to stimulate capital investment, President Obama proposed
a. a reduction in real interest rates. b. an increase in the money supply. c. increased write-offs for businesses purchasing equipment. d. an increase in the tax on capital gains.
Which of the following correctly expresses the relationship between the marginal utilities of two goods and marginal rate of substitution between the goods?
A. MRSXY = (MUY/MUX) B. MRSXY = (MUX/MUY) C. MRSXY = (U/?X) D. MRSXY = (U/?Y)
A constant debt-to-GDP ratio in a growing economy is consistent with a:
A. continual surplus. B. falling level of total debt. C. balanced budget. D. continual deficit.