Author Question: The trade-off between the present and future consumption is measured by A) the money cost of both ... (Read 82 times)

penguins · **on:** Jun 29, 2018

The trade-off between the present and future consumption is measured by

A) the money cost of both the present and future consumption.
B) the foregone present consumption.
C) the difference between the money price of future goods and the money cost of producing them.
D) the difference between the money price of present goods and the money cost of producing them.

Question 2

In general, any ceteris paribus determinant of supply that is favorable to production will

A) cause a movement along the supply curve.
B) shift the supply curve to the right.
C) shift the demand curve to the left.
D) shift the supply curve to the left.