An increase in total utility would be depicted using indifference curve analysis as:
a. a movement down along an indifference curve to the southeast
b. a movement up along an indifference curve to the northwest.
c. a movement from one indifference curve to another located to the northeast.
d. a movement from one indifference curve to another located to the southwest.
c
Economics
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All of the following would shift the consumption-income line except
a. an increase in taxes that causes the marginal propensity to consume to change b. an increase in taxes that changes autonomous spending c. a change in expectations of future income d. a change in wealth e. none of the above
Economics
Which of the following is one of the arguments for tariffs?
a. encouraging dumping b. protecting against dumping c. managing exchange rates d. managing interest rates
Economics