What are the conditions for equilibrium in indifference curve analysis?
Please provide the best answer for the statement.
The utility-maximizing combination of two products, A and B, for a consumer will be determined by the tang ency of a budget line with the highest attainable indifference curve.
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The largest part of the U.S. current account consists of
A) Fed transfers of U.S. dollars to other central banks. B) net transfer payments between the United States and Mexico. C) receipts from exports and payments for imports. D) net borrowing between the United States and other countries.
A capital shortage results from insufficient capital to meet our national "needs."
A. True B. False C. Uncertain
A rise in the price level causes the demand for money to ________ and the interest rate to ________, everything else held constant
A) decrease; decrease B) decrease; increase C) increase; decrease D) increase; increase
Consumer finance companies, because of the __________-term nature of their liabilities, prefer to hold __________-term assets
A) long; long B) long; short C) short; long D) short; short