A voluntary export restraint occurs when one country prevents a specific product from being imported from another country

Before an uneven rise in prices Allan consumed five bread and six juice. After the price increase and with an increased welfare payment from the government Allan consumes four bread and seven juice

Does the government payment represent a true cost-of-living adjustment? A) Yes, if the two consumption bundles lie on the same indifference curve. B) Yes, if the second bundle yields more utility than the first. C) No, the first bundle is clearly preferred. D) Not enough information.

Typically, a country's population is divided into how many income groups to find a Lorenz Curve?

a. 1 or 2. b. 5 or 10. c. 10 or 20. d. 25 or 50. e. 100.