Jack and Diane each buy pizza and paperback novels. Pizza costs $3 per slice, and paperback novels cost $5 each. Jack has a budget of $30, and Diane has a budget of $15 to spend on pizza and paperback novels. Which consumer(s) can afford to purchase 5 slices of pizza and 5 paperback novels?
a. Jack only
b. Diane only
c. both Jack and Diane
d. neither Jack nor Diane
d
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The primary goal of an agricultural extension service is to
(a) bring new areas under cultivation. (b) increase the yield per hectare. (c) introduce land reform. (d) assist rural-urban migration.
Look at the above figure. A union wishes to maximize wage income for employed union members, so it should aim for a wage rate ________ and a number of employed members equal to ________
A) W1, Q3 B) W2, Q2 C) W3, Q1 D) W4, Q3
Frieda wishes to buy a house worth $400,000 in the southern part of Florencia. If she decides to save half of her income from now on, which of the following is most likely to be true in this scenario? a. Her consumption function will be flatter
b. Her consumption function will be steeper. c. Her consumption function will shift upward. d. Her consumption function will shift downward.
Some people see the government as being more heavily involved in taking sides than in serving the common interest
Indicate whether the statement is true or false