Budget lines:
a. are typically positively sloped
b. are typically negatively sloped.
c. often have the same slope as indifference curves.
d. are generally horizontal.
b
Economics
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When people donate money to a charity, they behave
A) rationally if the act gives them satisfaction. B) irrationally because the act does not benefit anyone. C) in an unpredictable manner because the act involves no incentive. D) in a way that only makes themselves worse off.
Economics
Higher unemployment tends to be associated with
A) the classical model. B) higher real GDP. C) higher nominal GDP. D) lower real GDP.
Economics