Questions that address the cause-and-effect analysis of actions and their consequences are

In an indifference curve/budget line diagram, a consumer will select the combination of goods that is on the budget line and for which the

A) marginal rate of substitution between two goods is equal to the relative price of the two goods. B) marginal rate of substitution between two goods is greater than the relative price of the two goods. C) slope of the indifference curve is less than the relative price of the two goods. D) slope of the indifference curve is greater than the relative price of the two goods.

Unemployed U.S. residents who are, in effect, merely searching for work between jobs, are defined as

A) frictionally unemployed. B) structurally unemployed. C) cyclically unemployed. D) seasonally unemployed.