Income decreases cause a decrease in a household's choice set.

Answer the following statement true (T) or false (F)


True

Economics

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A nominal value is measured:

A. by indexing. B. using the consumer price index. C. in terms of current dollar value. D. in physical terms.

Economics

If the price of Pepsi increases, then there will be ___ of Pepsi.

a. An increase in the quantity demanded b. a decrease in the quantity demanded c. a decrease in the demand d. an increase in the demand

Economics

Distinguish between a voluntary export restraint and a quota

What will be an ideal response?

Economics

Signaling is

a. actions by the informed party to reveal her true risks b. actions by the informed party to conceal her true risks c. actions by the uninformed party to uncover the true risks d. actions by the uninformed party to conceal the true risks

Economics