Refer to Figure 10-5. Suppose the price of pizza increases while the price of hamburger remains constant. Then, the consumer's
A) indifference curve becomes straighter.
B) budget constraint moves outward away from the origin on the pizza axis while the hamburger intercept remains the same.
C) indifference curve becomes more concave away from the origin.
D) budget constraint moves inward toward the origin on the pizza axis while the hamburger intercept remains the same.
D
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Which of the following is true about the Bitcoin:
a. Bitcoin transactions are anonymous, irreversible, and practically impossible to trace. b. Bitcoin transactions are cleared through clearing houses, such as Mt. Gox. c. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies. d. A Bitcoin can be purchased and sold via foreign exchange dealers, just like the dollar or euro. e. Bitcoin transactions are highly visible and, therefore, taxable events.
Which type of legislation has widespread benefits and widespread costs?
a. traditional public-goods b. special interest c. populist d. competing interest