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Author Question: A decrease in net wealth will _____. a. shift the consumption function downward b. make the ... (Read 61 times)

PhilipSeeMore

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on: Jun 30, 2018
A decrease in net wealth will _____.
 a. shift the consumption function downward
 b. make the consumption function steeper
 c. cause an upward movement along the consumption function
  d. cause a downward movement along the consumption function
  e. make the consumption function flatter

Question 2

When consumption of a good or service produces benefits or costs that are not reflected in the market price for the good, this is known as a(n):
 a. externality.
  b. common pool problem.
  c. nonexcludable resource.
  d. public good.


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janeli

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


PhilipSeeMore

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Reply 2 on: Jun 30, 2018
Gracias!

parshano

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Reply 3 on: Yesterday
:D TYSM

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