Author Question: The expenditures of government-owned corporations with budgets separate from the government's budget ... (Read 104 times)

Tirant22 · **on:** Jul 1, 2018

The expenditures of government-owned corporations with budgets separate from the government's budget are called _____.

a. on-budget expenditures
b. off-budget expenditures
c. quasi-budget expenditures
d. private expenditures

Question 2

Max has allocated 100 toward meats for his barbecue. His budget line and indifference map are shown in the above figure. If Max is currently at point d,

A) his MRS is larger than the trade-off offered by the market.
B) he is willing to give up more chicken than he has to, given market prices.
C) he is not maximizing his utility.
D) All of the above.