« previous next »

Author Question: Suppose real disposable income increases by 1,000. Given this information, we know that A) ... (Read 88 times)

ericka1

  • Hero Member
  • *****
  • Posts: 544
on: Jun 30, 2018
Suppose real disposable income increases by 1,000. Given this information, we know that
 
  A) consumption will generally increase by more than 1,000.
  B) saving will generally increase by exactly 1,000.
  C) consumption will generally increase by exactly 1,000.
  D) consumption will generally increase by less than 1,000.

Question 2

Which of the following statements is true?
 
  A) An optimizing individual is also likely to exhibit rationality.
  B) Optimization requires individuals to foresee the future perfectly.
  C) The less information that is available, the easier it is to make optimal decisions.
  D) An optimizing individual need not consider the risks involved in various choices.


Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

The vehicle emissions control information (VECI) sticker is placed under the hood. The vehicle emissions control information (VECI) sticker is placed under the hood.
How the Return to Education Affects the Distribution of Income How the Return to Education Affects the Distribution of Income
Intergenerational Income Mobility in the United States Intergenerational Income Mobility in the United States
Fluency with Information Technology: Skills, Concepts, and Capabilities Fluency with Information Technology: Skills, Concepts, and Capabilities
Infant mortality by income quintile, urban Canada, 1996 Infant mortality by income quintile, urban Canada, 1996
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Hormones and the menstrual cycle Animation

For a complete list of videos, visit our video library