The fundamental economic problem is:
a. poverty

What are the main aspects of economic life that macroeconomics analysis is most concerned with?

What will be an ideal response?

Answer the following statements true (T) or false (F)

1. A parallel shift in a budget line is caused by changes in a consumer's level of satisfaction. 2. A change in the relative prices for two goods can be shown as a parallel shift in a consumer's budget line. 3. Indifference curves are convex to the origin due to diminishing marginal rates of substitution. 4. Indifference curves and budget lines can be used to derive an individual's demand curve for a product.