When the price of a good increases, the budget constraint shifts in parallel to the original budget constraint.
Answer the following statement true (T) or false (F)
False
Economics
You might also like to view...
Figure 5-17
In Figure 5-17, which of the marked points would an economist use to help him construct a single demand curve for X?
a.
A and B
b.
C and D
c.
A and C
d.
A and D
Economics
In recent years less than _____ in 10 unemployed workers qualified for unemployed insurance benefits.
A. 1 B. 3 C. 5 D. 7
Economics
The maximum amount of EITC benefit in 2012 was?
A. $6090 B. $2398 C. $104 D. $5236
Economics
An increase in the U.S. demand for foreign exchange will
a. decrease the price of foreign exchange b. decrease the value of the U.S. dollar c. increase the value of the U.S. dollar d. make foreign goods less expensive in U.S. dollars e. make U.S. goods more expensive in foreign exchange
Economics