Assume Bryce's budget constraint is represented by line B in the graph shown. Which of the following would cause Bryce's budget constraint to shift to A?
A. The price of books increased.
B. The price of books decreased.
C. The price of movie tickets increased.
D. The price of movie tickets decreased.
D. The price of movie tickets decreased.
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Because the U.S. traditionally gives more foreign aid than it receives, the U.S. traditionally has a negative value for
A) the capital account balance. B) the trade balance. C) investment income. D) net transfers received. E) all of the above
If an oligopolistic manufacturer believes that he faces a kinked demand curve for his product, he thinks his competitors will ____ if he lowers his price and ____ if he raises his price
a. lower their prices; raise their prices. b. lower their prices; not raise their prices c. not lower their prices; raise their prices d. not lower their prices; not raise their prices