Which of the following can act as a substitute for information? ...

[natalie2426]

Which of the following can act as a substitute for information?
 a. Social networking
  b. Knowledge gathered through past experience
  c. Ability to postpone a choice
  d. Forecasts and predictions

Question 2

An increase in income _____.
 a. makes the budget line flatter
  b. makes the budget line steeper
  c. makes the consumer worse off
  d. makes the consumer achieve a higher level of utility
  e. makes the consumer more selfish

[al]

Answer to Question 1

C

Answer to Question 2

d

[natalie2426]

Thanks for the timely response, appreciate it

[samiel-sayed]

Gracias!