Author Question: Consider the budget line labeled RT in the above figure. What would shift the budget line to RS? ... (Read 49 times)

CQXA · **on:** Jun 29, 2018

Consider the budget line labeled RT in the above figure. What would shift the budget line to RS?

A) a rise in the price of good X
B) a fall in the price of good X
C) a rise in the price of good Y
D) a fall in the price of good Y

Question 2

Which of the following is a recent trend in the labor market?

A) Low-skilled workers have lost jobs.
B) The demand for high-skilled labor has increased as technology has increased.
C) The wages of high-skilled labor have decreased.
D) The marginal productivity of low-skilled workers has increased.