Ron spends $150 on movie tickets and pizza. The price of a pizza is $10 and a movie ticket is $7.50
With the quantity of movies measured along the vertical axis, the slope of Ron's budget line (with movies on the vertical axis) is ________ per pizza A) 1.33 movies
B) -1.33 movies
C) 0.75 of a movie
D) -0.75 of a movie
B
You might also like to view...
The euro floats against other currencies, but the member nations of the euro have no separate national money. For this reason, Spain, that uses the euro as its currency is listed under the managed float arrangement
a. True b. False Indicate whether the statement is true or false
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The real risk-free interest rate rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). b. There is not enough information to determine what happens to these two macroeconomic variables. c. The real risk-free interest rate falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. The real risk-free interest rate falls, and net nonreserve-related international borrowing/lending remains the same. e. The real risk-free interest rate falls, and net nonreserve-related international borrowing/lending becomes more negative (or less positive).