Which of the following does not represent a tradeoff facing a consumer?
a. choosing to purchase more of all goods
b. choosing to spend more time on leisure and less time on work
c. choosing to spend more now and consume less in the future
d. choosing to purchase less of one good in order to purchase more of another good
a
Economics
You might also like to view...
In the recent Global Economic Crisis, the end of cash-out mortgage refinancing caused
A) LM curve to shift to the right. B) LM curve to shift to the left. C) IS curve to shift to the left. D) LM curve to shift to the right.
Economics
The market labor supply curve is usually __________ over the relevant range of market wage rates
a. positively sloped b. negatively sloped c. backward bending d. vertical e. horizontal
Economics