Which of the following observations is not true of a budget line?
a. It indicates what choices are available to the consumer.
b. It is a curve of constant expenditure.
c. Its slope reports the market terms on which the consumer can trade one good for another.
d. It helps examine the consumer's preferences.
d
Economics
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In a laissez-faire system, the price mechanism dictates the production planning decisions
a. True b. False Indicate whether the statement is true or false
Economics
Benefits today cannot be directly compared with costs in the future because:
A. money today is worth more than money in the future. B. people do not have perfect willpower and will waste money today. C. investments aren’t always profitable. D. more information is needed to make investment decisions than is typically available.
Economics