The U.S. Bureau of Labor Statistics forecasts that ________ ...

[Melani1276]

The U.S. Bureau of Labor Statistics forecasts that ________ fastest-growing occupations over the next 10 years will be in health care.
 
  A) less than 2 of the 10 B) 13 of the 20
  C) just under half of the D) over 95 percent of the

Question 2

During the mid 1980s the price of gasoline fell. Americans purchased not only more gasoline but other goods as well. Use consumer theory to explain why this happened.
 
  What will be an ideal response?

[kescobar@64]

Answer to Question 1

B

Answer to Question 2

Essentially two effects are unleashed at the same time. The substitution effect induces people to consume more of the good whose relative price fell and the income effect from the lower-priced gasoline induces people to consumer more of all goods including gasoline.