Assume Mimi's budget constraint is shown in the graph shown. If earrings cost $7, then hairbands must cost:
A. $5.25.
B. $7.
C. $4.
D. $3.50.
Answer: D
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Economists generally define economic growth as an increase in real income per capita
a. True b. False Indicate whether the statement is true or false
Net exports of a country are the value of
a. goods and services imported minus the value of goods and services exported. b. goods and services exported minus the value of goods and services imported. c. goods exported minus the value of goods imported. d. goods imported minus the value of goods exported.
The average tax rate is:
A. change in taxes/change in taxable income. B. total taxes/total taxable income. C. the sum of the marginal tax rate and the rate of transfer payments. D. the tax on incremental income less the tax on total income.
Explain what can occur to cause an increase in the debt ratio
What will be an ideal response?