« previous next »

Author Question: A person's consumption possibilities is defined by the budget line because A) it marks the ... (Read 166 times)

yoroshambo

  • Hero Member
  • *****
  • Posts: 566
on: Jun 29, 2018
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


shewald78

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

The frontal lobe (green) bounded by the Sylvian fissure (yellow line) and central sulcus (red line), The frontal lobe (green) bounded by the Sylvian fissure (yellow line) and central sulcus (red line),
A person with a defective "P" gene might only have it effect the Hair A person with a defective "P" gene might only have it effect the Hair
Relation between form, particular objects, and images in Plato’s Line. Relation between form, particular objects, and images in Plato’s Line.
Per capita annual alcohol consumption (2005) Per capita annual alcohol consumption (2005)
Instruct recipient on giving you feedback immediately if heat becomes too intense. Remind the person ... Instruct recipient on giving you feedback immediately if heat becomes too intense. Remind the person ...
MRI scans of normal elderly person compared to one with Alzheimer's MRI scans of normal elderly person compared to one with Alzheimer's
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library