If Gladys sells her 1998 Jeep Cherokee for 3,500 in 2016, the sale of her car contributes 3,500 to 2016 GDP.
Indicate whether the statement is true or false
Question 2
Refer to Figure 10-8. Given the budget constraint in the diagram, which of the following statements is false?
A) Consumption bundles b and c yield the same level of utility, which is higher than the utility represented by bundle a.
B) The consumer's optimal bundle could be bundle d, e, or f.
C) Although the consumer receives the same level of utility from bundles d and e, she cannot afford to purchase bundle d.
D) The consumer receives the same level of utility from consumption bundles d, e, and f.
A seashell vendor in Tanzania sells to tourists seashells which have been taken from the sea alive,
Apparatus Used by Skaggs and McNaughton (1998)
Statistics Center (07/2016)
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