« previous next »

Author Question: Total income in a country in 2012 is 780 billion. Total expenditure in the country A) cannot be ... (Read 91 times)

Haya94

  • Hero Member
  • *****
  • Posts: 558
on: Jun 29, 2018
Total income in a country in 2012 is 780 billion. Total expenditure in the country
 
  A) cannot be determined.
  B) is greater than 780 billion.
  C) is 780 billion.
  D) is less than 780 billion.
  E) is either less than or equal to 780 billion.

Question 2

Which of the following statements is true?
 
  A) The slope of the labor supply curve depends only on the income effect of a wage rate change.
  B) The income effect and the substitution effect of a wage rate change work in the same direction.
  C) The income effect and the substitution effect of a wage rate change work in opposite directions.
  D) The slope of the labor supply curve depends only on the substitution effect of a wage rate change.


tanna.moeller

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

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?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Primary production increases with an increase in total phosphorus concentration. Primary production increases with an increase in total phosphorus concentration.
Fallow deer at Avon Valley Country Park, Bristol, England Fallow deer at Avon Valley Country Park, Bristol, England
The world attempted to deal with Somalia as if it were a real country but painfully learned that Som The world attempted to deal with Somalia as if it were a real country but painfully learned that Som
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Household Income in the United States by Quintiles, 2009 Household Income in the United States by Quintiles, 2009
Video: Exercise and cardiac output

For a complete list of videos, visit our video library