The fact that indifference curves are bowed in toward the origin
A) is not true.
B) follows from the fact that more is preferred to less.
C) follows from the property that the consumer likes diversity in his or her consumption bundle.
D) follows from the property that consumption and leisure are normal goods.
C
Economics
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Refer to Figure 11-2. Based on the per-worker production function above, if the economy raises capital per hour worked from $35,000 to $40,000, by how much will real GDP per hour worked increase?
A) $150 B) $1,850 C) $2,000 D) $5,000
Economics
The largest component of the money supply (M1 ) is
A) time deposits. B) large CDs. C) demand deposits. D) coin and currency.
Economics