The budget constraint 12,000 = 2X + 4Y has a slope equal to –2 where Y is on the vertical axis

The reason why estimators have a sampling distribution is that

A) economics is not a precise science. B) individuals respond differently to incentives. C) in real life you typically get to sample many times. D) the values of the explanatory variable and the error term differ across samples.

Taxes on labor encourage which of the following?

a. labor demand to be more inelastic b. mothers to stay at home rather than work in the labor force c. workers to work overtime d. fathers to take on second jobs