A person's consumption possibilities is defined by the budget line because
A) it marks the boundary between what is affordable and unaffordable.
B) it represents the individual's preference for different combinations of goods.
C) it marks the boundary between what can be produced and what is unattainable given the current state of technology and resources.
D) all consumers must consume on their budget line.
Question 2
Last year in the country of Union, the price level increased and real GDP increased. Such an outcome might have occurred because short-run aggregate supply ________ and aggregate demand ________.
A) decreased; decreased
B) increased; did not change
C) increased; decreased
D) did not change; increased
Spotted hyena cubs in Limpopo, South Africa. Note the well defined spots, which will fade with age
This Black-browed Albatross has been hooked on a long-line.
Older adults may grieve intensely over the loss of a person or situation that has been a part of the
In-line blending is the most accurate method for blending ethanol with gasoline because computers ...
Fuel should be heard returning to the fuel tank at the fuel return line if the fuel pump and ...
Coffee will not sober you up. An intoxicated person who drinks coffee will end up being a stimulated