Refer to the figure above. If the price of a sweater is $3 and the budget constraint of the consumer is B3, his income is:
A) $45.
B) $90.
C) $135.
D) $270.
C
Economics
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Television programming might be targeted for protection in a country using which of the following arguments?
A) Infant industry B) National security C) Labor argument D) Cultural protection
Economics
The substitution effect of wages states that a decreased wage rate
A. Will shift the labor supply curve rightward. B. Will lead to a movement up along the existing supply curve. C. Encourages people to consume less leisure. D. Encourages people to work less hours.
Economics