If two households have the same disposable income in the current ...

[tatyanajohnson]

If two households have the same disposable income in the current year, the household with the
 
  A) higher expected future income will consume a larger portion of its current income today.
  B) lower expected future income will consume more today while it has the money.
  C) lower expected future income will spend a larger portion of its current income on consumption today because it will increase its saving in the future.
  D) none of the above

Question 2

In the above figure, at a wage rate of 20 per hour
 
  A) there is a shortage of labor.
  B) there is a surplus of labor.
  C) the labor supply curve will shift rightward.
  D) the labor demand curve will shift rightward.

[miss_1456@hotmail.com]

Answer to Question 1

A

Answer to Question 2

B

[tatyanajohnson]

TYSM

[Missbam101]

Excellent