Personal income in the United States is primarily determined by selling labor services

When the housing bubble burst, prices fell particularly severely in all of these states except:

a. Arizona. b. California. c. Nevada. d. Florida e. Prices fell severely in all of the above states.

If an individual consumes only two goods and consumption of one good increases, then in order to keep the consumer on the same indifference curve, consumption of the other good must

A) increase. B) decrease. C) increase proportionately. D) become negative.