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