Cash may be preferred to food stamps because additional cash
A) rotates the budget constraint.
B) shifts out the budget constraint at every point.
C) provides a smaller opportunity set.
D) allows the purchase of more food.
B
Economics
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In this economic system, private citizens own all of the factors of production to make products and create profits.
A. socialist economy B. Capitalist economy C. Command economy D. Mixed socialist economy
Economics
A craze for apples in Riverdale increases the quantity demanded at every price by five bushels. Between any two prices, the new demand curve will be ____ the old demand curve
a. more elastic than b. less elastic than c. equal in elasticity to d. More information is needed to predict the relationship.
Economics