A budget constraint:
A. is the same across all individuals with the same income constraints.
B. is different for each individual with the same income constraints.
C. is the same across all individuals with the same tastes and preferences.
D. is different for each individual with the same tastes and preferences.
A. is the same across all individuals with the same income constraints.
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An increase in the supply of corn in Brazil will
A. shift the supply curve of US corn to the right. B. shift the supply curve of US corn to the left. C. shift the demand curve for US corn to the right. D. shift the demand curve for US corn to the left.
The North Korean economy is currently classified as:
A) a mixed economy. B) market capitalism. C) command socialism. D) the same kind of economy as Sweden.