Many economists conclude that in-kind income programs have served to reduce levels of inequality significantly from the levels suggested by aggregate income statistics
a. True
b. False
Indicate whether the statement is true or false
True
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If quantity of milk is measured on the horizontal axis and quantity of juice is measured on the vertical axis, a decrease in the price of milk will cause the budget constraint to:
A) pivot rightward along the vertical axis. B) pivot rightward along the horizontal axis. C) shift to the left. D) shift to the right.
If the current exchange rate is higher than the Fed's target exchange rate, the Fed would
A) implement purchasing power parity. B) implement interest rate parity. C) buy dollars. D) sell dollars.
Which of the following is not a negative externality associated with driving cars?
a. congestion b. pollution c. repairs d. accidents
Leaders that give the group total freedom
a. autocratic b. laissez-faire c. democratic d. trait