Transfer payments represent income that is not earned but received by individuals
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Kristen has an income of $450 per year to spend on music CDs and movies on DVDs. The price of a CD is $15. The indifference curves in the figure above (I1, I2, and I3 ) reflect Kristen's preferences. If the price of a DVD is $22
50, then Kristen buys ________ DVDs; if the price of a DVD is $18.00, then Kristen buys ________ DVDs. A) 12; 14 B) 5; 10 C) 10; 15 D) 7.5; 12.5
Economics
Explain the two approaches to calculating GDP
Economics