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Author Question: The above figure shows one of Sam's indifference curves between gasoline and coffee. Which of the ... (Read 45 times)

Pea0909berry

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on: Jun 29, 2018
The above figure shows one of Sam's indifference curves between gasoline and coffee. Which of the following about a movement along Sam's indifference curve is CORRECT?
 
  A) As he moves leftward along the curve, he likes the combinations of gasoline and coffee better and better.
  B) As he moves rightward along the curve, he likes the combinations of gasoline and coffee better and better.
  C) He likes all combinations of gasoline and coffee along the curve equally well.
  D) None of the above is true.

Question 2

Are the members of the Board of Governors of the Federal Reserve System elected officials?
 
  What will be an ideal response?


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Yixagurpuldink

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

No, the members are not elected. They are appointed by the president of the United States (for 14-year terms) and confirmed by the U.S. Senate.


Pea0909berry

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

alexanderhamilton

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Reply 3 on: Yesterday
Excellent

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