Indifference curves are drawn on a diagram with the
A) price of a good on the vertical axis and its quantity on the horizontal axis.
B) price of one good on the vertical axis and the price of another good on the horizontal axis.
C) quantity of a good on the vertical axis and its price on the horizontal axis.
D) quantity of one good on the vertical axis and the quantity of another good on the horizontal axis.
D
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Refer to Figure 17-9. A(n) ________ would be depicted as a movement from A to D to C
A) increase in short-run aggregate supply B) supply shock, such as rising oil prices, C) implementation of contractionary monetary policy D) increase in aggregate demand
The current account balance consists of
A) the trade balance plus the services balance. B) net exports of goods and services, minus net unilateral transfers. C) net exports of goods and services, plus net income from abroad, plus net unilateral transfers. D) net exports of goods and services, plus net income from abroad, plus net unilateral transfers, minus the financial account balance.