Consumer equilibrium" refers to the situation when the consumer is getting:
A. The highest total utility out of spending a given budget on various goods
B. The highest marginal utility out of spending a given budget on various goods
C. Equal marginal utility values from each product consumed
D. Equal total utility values from each product consumed
A. The highest total utility out of spending a given budget on various goods
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What are the factors that change investment demand and shift the demand for loanable funds curve?
What will be an ideal response?
When the United States imposes an import quota on a good, the amount of the ________ in U.S. consumer surplus is ________ the amount of the ________ in U.S. producer surplus
A) increase; smaller than; increase B) decrease; larger than; decrease C) decrease; larger than; increase D) decrease; equal to; increase
Which of the following is not true about migration?
a. Migration plays an important role in the economies of developing countries b. A major source of foreign exchange in some countries is the money sent home by migrants c. Migration provides a valuable safety valve for poor countries d. The best and brightest professionals are very unlikely to migrate to developed countries e. Every year thousands of nurses migrate from countries such as Kenya and the Philippines to the United States
Fiscal policy is the management of aggregate demand through changes in taxes and government spending
a. True b. False Indicate whether the statement is true or false