Given the indifference curve and budget line below, this individual:
A. Prefers B to A, but B costs more
B. Prefers B to A, and they cost the same
C. Is indifferent between A and B, but A costs less
D. Is indifferent between A and B, and they cost the same
C. Is indifferent between A and B, but A costs less
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Suppose the automobile industry can import 10% of the total quantity demanded of cars in the U.S. This is an example of a(n) ________.
A. import tax B. tariff C. quota D. trade limit
The Single European Act was expected to create economic benefits by reducing the costs and risks of currency market transactions
Indicate whether the statement is true or false
If the government were to increase taxes, it would be enacting:
A. contractionary fiscal policy. B. expansionary fiscal policy. C. contractionary monetary policy D. expansionary budgetary policy.
Basic research seeks to answer particular questions or to apply scientific discoveries to new product development
Indicate whether the statement is true or false