A decrease in net wealth will _____. a. shift the consumption ...

[PhilipSeeMore]

A decrease in net wealth will _____.
 a. shift the consumption function downward
 b. make the consumption function steeper
 c. cause an upward movement along the consumption function
  d. cause a downward movement along the consumption function
  e. make the consumption function flatter

Question 2

When consumption of a good or service produces benefits or costs that are not reflected in the market price for the good, this is known as a(n):
 a. externality.
  b. common pool problem.
  c. nonexcludable resource.
  d. public good.

[janeli]

Answer to Question 1

a

Answer to Question 2

a

[PhilipSeeMore]

Gracias!

[kthug]

Thanks for the timely response, appreciate it