Assume that a consumer purchases a combination of products Y and Z and that the MUy/Py = 25 and MUz/Pz = 20. To maximize utility, without spending more money, the consumer should:
A. Purchase less of Y and more of Z
B. Purchase more of Y and less of Z
C. Purchase more of both Y and Z
D. Make no change in Y and Z
B. Purchase more of Y and less of Z
Economics
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An expansionary fiscal policy is likely to
A) increase borrowing by the Treasury through the sale of bonds. B) decrease borrowing by the Treasury through the purchase of bonds. C) increase borrowing by the Treasury through the purchase of bonds. D) decrease borrowing by the Treasury through the sale of bonds.
Economics
Wartime economic mobilization resulted in:
a. increased hours for workers. b. dramatic increases in the industrial accident rate. c. some reduction in the quality of output. d. Increased production rates. e. All of the above.
Economics