The vertical and horizontal axes intercepts of the budget line represent the:
A. quantity of goods that will be purchase if only that good is purchased.
B. preference of one good compared to another good.
C. quantity of each good that is outside the consumer's income.
D. only two choices that will spend the entire budget.
Answer: A
Economics
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Which of the following increases the demand for U.S. union labor?
A) an increase in the minimum wage B) an increase in the demand for imported goods C) new laws that ease immigration restrictions D) All of the above cause an increase in the demand for union labor.
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According to the text, what economic principle justifies the high salaries of some Professional athletes?
What will be an ideal response?
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