A budget constraint is a straight line because:
A) the tastes and preferences of the consumer change along the constraint.
B) a consumer faces a fixed price of both goods that do not change with changes in consumption.
C) the opportunity cost of buying each of the goods changes along the constraint.
D) a consumer has a limited money income.
B
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Which of the following factors is not part of the current account (CA) of a country?
a) exports and imports b) income payments and receipts c) unilateral transfers d) purchase of foreign stocks
How do the following affect the equilibrium price in a market?
a. A leftward shift in demand b. A rightward shift in supply c. A large rightward shift in demand and a small rightward shift in supply d. A large leftward shift in supply and a small leftward shift in demand