If personal income taxes are increased, disposable income and consumption

You have decided that you are going to consume 600 calories of beer and snacks at a party Saturday night. A beer has 150 calories and a snack has 75 calories

a. Create a table that shows the various combinations of beer and snacks you can consume. To keep things simple, use only round numbers (e.g., you could choose 1 or 2 beers but not 1.5 beers). b. What is the opportunity cost of a beer?

A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a

A) financial crisis. B) fiscal imbalance. C) free-rider problem. D) "lemons" problem.