Author Question: In an indifference curve/budget line diagram, a consumer's equilibrium consumption combination will ... (Read 204 times)

khang

  • Hero Member
  • *****
  • Posts: 569
In an indifference curve/budget line diagram, a consumer's equilibrium consumption combination will occur
 
  A) inside the budget line.
  B) outside the budget line.
  C) on the budget line.
  D) at the origin.

Question 2

Information technologies ________ the demand for low-skilled labor, increase the ________ high-skilled labor, lower the wage rate of ________ labor, and raise the wage rate of ________ labor.
 
  A) decrease; demand for; low-skilled; high-skilled
  B) decrease; supply of; low-skilled; high-skilled
  C) do not change; supply of; high-skilled; low-skilled
  D) do not change; demand for; high-skilled; low-skilled



Joc

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

For a complete list of videos, visit our video library