Consider the budget line labeled RT in the above figure. What would shift the budget line to RS?
A) a rise in the price of good X
B) a fall in the price of good X
C) a rise in the price of good Y
D) a fall in the price of good Y
B
Economics
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The goal of a cartel is to
A) increase competition among members. B) maximize industry profits. C) increase industry production. D) all of the above.
Economics
As a share of total national income, government spending generally has
A) been constant over the last 50 years. B) increased over the last 50 years. C) decreased over the last 50 years. D) increased until 20 years ago, and then decreased steadily.
Economics