Refer to the above figure. Which of the above panels represents complete income equality?

A) Panel A
B) Panel B
C) Panel C
D) Panel D

B

Economics

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Consumers' preferences are represented by

A) budget lines. B) indifference curves. C) relative prices. D) household income.

Economics

Analyze the following statement "the global financial crisis of 2008-2009 was a great illustration of how interdependent national economies are."

What will be an ideal response?

Economics