How will an increase in lumber prices influence the home construction market?

a. The demand for newly constructed homes will increase.
b. The demand for newly constructed homes will decrease.
c. The supply of newly constructed homes will increase.
d. The supply of newly constructed homes will decrease.

d

Economics

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The philosopher John Rawls argued that

a. people would choose income equality if they didn't know beforehand the "agreed upon rules" that determine people's economic position b. people would choose income inequality to allow the maximum use of their individual talents c. it would be impossible to determine beforehand how rich and poor people would choose between income equality and income inequality d. people, uninhibited by social convention, would choose income inequality because they are, by nature, not inclined toward egalitarian values e. government has a role to ensure income equality to prevent social unrest

Economics

Refer to the diagram. At disposable income level D, the average propensity to save is equal to:



A.  CD/BD.
B.  CD/0D.
C.  0D/CD.
D.  0A/0B.

Economics