An increase in a family's income will cause its budget line to
a. become steeper.
b. become flatter (less steep).
c. move closer to the origin.
d. move away from the origin.
e. become more convex toward the origin.
d
Economics
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Most countries in the world are classified as
A) advanced. B) in transition. C) developing. D) industrialized. E) emerging market.
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On any given day, a salesman can earn $0 with a 30% probability, $100 with a 20% probability, or $300 with a 50% probability. His expected earnings equal
A) $0. B) $100. C) $150. D) $170.
Economics