Refer to the figure above. A change in the budget constraint from B2 to B3 indicates:
A) a decrease in the price of jeans.
B) a decrease in the price of sweaters.
C) an increase in the consumer's income.
D) a decrease in the consumer's income.
C
You might also like to view...
Refer to the figure above. What is the producer surplus when the price is $70?
A) $800 B) $1,600 C) $2,000 D) $2,800
Automated teller machines
A) are more costly to use than human tellers, so banks discourage their use by charging more for use of ATMs. B) cost about the same to use as human tellers in banks, so banks discourage their use by charging more for use of ATMs. C) cost less than human tellers, so banks may encourage their use by charging less for using ATMs. D) cost nothing to use, so banks provide their services free of charge.
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and current international transactions in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables. b. The real risk-free interest rate falls, and current international transactions become more positive (or less positive). c. The real risk-free interest rate rises, and current international transactions remain the same. d. The real risk-free interest rate rises, and current international transactions become more positive (or less negative). e. The real risk-free interest rate and current international transactions remain the same.
ALCOA was found guilty of violating the antitrust statutes in 1945 because it:
A. forced competing firms out of business with unfair business practices. B. used its knowledge of the market to expand its capacity before any competitors had a chance to enter the market. C. had engaged in unfair pricing practices. D. exploited its monopoly power to charge high prices.