This topic contains a solution. Click here to go to the answer

Author Question: When a person's income doubles, her consumption of each good will double in order for her to stay in ... (Read 64 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
When a person's income doubles, her consumption of each good will double in order for her to stay in consumer equilibrium.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Although the GATT was supported by most of the countries of the world, yet global trade shrank during the close of the last decade. This was due to:
 a. growing suspicion among the nations of the world.
  b. hyperinflation in the major economies of the world.
  c. the recession which began in 2007.
  d. political turmoil in the Asian countries.
  e. the desire among the major players to dominate the international market.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Pswine

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

False

Answer to Question 2

c




panfilo

  • Member
  • Posts: 572
Reply 2 on: Jun 30, 2018
Excellent


Dinolord

  • Member
  • Posts: 313
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

For a complete list of videos, visit our video library