To derive the demand curve of a product in indifference curve analysis, the:
A. Budget line is assumed to stay in a fixed position
B. Money income of the consumer is assumed to be variable
C. The prices of both products are assumed to be variable
D. Tastes and preferences of the consumer are assumed to be fixed
D. Tastes and preferences of the consumer are assumed to be fixed
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Cost-push inflation might initially result from
A) the use of new technology. B) a decrease in the quantity of money. C) an increase in the cost of resources. D) an increase in the quantity of money. E) an increase in government expenditure.
Refer to Scenario 12.2. In this game, if the players successfully coordinate and Jerome ends up playing his weak strategy, then
A) Eliza will donate a kidney and Jerome will not donate. B) both Eliza and Jerome will donate a kidney. C) Jerome will donate a kidney and Eliza will not donate. D) neither Eliza nor Jerome will donate a kidney.
There are no indisputable principles of tax equity
a. True b. False
Which of the following will not cause a shift in the medical care supply curve?
a. A change in the percentage of the population with health insurance b. A change in student aid available to promising undergraduate students studying biology c. A change in the cost of medical school tuition d. A change in the number of high-profile medical malpractice lawsuits brought against physicians, increasing the premiums on malpractice insurance e. A wave of union activity that increases the average salaries of nurses nationwide