Tom's consumption possibilities is defined by
A) his income and the prices of the goods that he consumes.
B) his preferences for consumption of the goods that he consumes.
C) the prices of the goods that he consumes only.
D) his income only.
A
Economics
You might also like to view...
The above figure shows the supply curves in four different markets. If each of the markets has an identical downward sloping demand curve and the same tax is levied on suppliers, which market would produce the largest amount of deadweight loss?
A) A B) B C) C D) D E) A and D
Economics
Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?
a. Capital shallowing b. Expropriation c. Liberalization d. Investment diversion e. Import substitution
Economics