If the price of good X (measured on the horizontal axis of a budget line diagram) increases at the same time that the price of good Y (measured on the vertical axis) increases, the budget line
a. will necessarily become steeper
b. will necessarily become flatter
c. will remain unchanged
d. will shift outward in a parallel fashion
e. could become either steeper or flatter, depending on the sizes of the price changes
E
Economics
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A motivation of developed countries in providing development assistance is
(a) the creation of markets. (b) geopolitical influence. (c) genuine humanitarian concern. (d) all of the above. (e) none of the above.
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The slope of an indifference curve is called the
a. bliss gradient. b. happiness slope. c. average transformation rate. d. marginal rate of substitution.
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