Since 1850, the:
A. supply and demand for productive resources have grown at the same rate.
B. supply of productive resources has grown faster than the demand for those resources.
C. demand for productive resources has grown faster than the supply of those resources.
D. supply of productive resources has increased, while the demand has fallen.
Answer: B
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If the prices of both goods and income increase by the same percentage, what will happen to the budget line?
A) The budget line rotates inward from the intercept on the axis of the good that did not change in price. B) The budget line rotates outward from the intercept on the axis of the good that did not change in price. C) The budget line shifts outward without a change in slope. D) Nothing.
Economists disagree on most economic issues facing an economy
a. True b. False Indicate whether the statement is true or false