Which of the following is an example of capital?
A) A cell phone bought by an individual for her younger brother
B) A tractor used by a farmer for plowing his field
C) A used television set purchased by a family
D) Alcoholic beverages served at a corporate event
B
Economics
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For low wages, the leisure demand curve slopes ______; for higher wages it slopes ______.
A. upward; downward B. downward; upward C. downward; downward D. upward; upward
Economics
The graphs below show an economy of two people with identical incomes in two years. They have different preference patterns as shown. 
What will happen in the market to bring about equilibrium?
What will be an ideal response?
Economics