A consumer buys food (F) and shelter (S). If the consumer's income rises and there is no change in the prices of F or S, the marginal rate of transformation of F for S will
A) increase.
B) decrease.
C) stay the same.
D) change, but there is not enough information to know how.
C
Economics
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Maintaining the growth of the money supply at a constant rate is an example of
A) an inflation targeting rule. B) a nominal GDP targeting rule. C) discretionary policy. D) a money demand rule. E) a money targeting rule.
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Which of the following could not bar entry into an industry?
a. economies of scale b. diseconomies of scale c. patents d. licenses e. one firm's control of essential resources
Economics