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Author Question: Consider the budget line labeled RT in the above figure. What would shift the budget line to RS? ... (Read 115 times)

CQXA

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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.


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tashiedavis420

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


CQXA

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
Excellent

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