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Author Question: Refer to the figure above. A change in the budget constraint from B2 to B3 indicates: A) a ... (Read 32 times)

Mr3Hunna

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on: Jun 29, 2018
Refer to the figure above. A change in the budget constraint from B2 to B3 indicates:
 
  A) a decrease in the price of jeans.
  B) a decrease in the price of sweaters.
  C) an increase in the consumer's income.
  D) a decrease in the consumer's income.

Question 2

Christine works as a receptionist in an office. She is not supposed to use the Wi-Fi connection provided by the company to access social-networking Web sites.
 
  However, she often uses the Wi-Fi to access these Web sites because her browsing activities are not monitored by her employer. This is an example of ________. A) adverse selection
  B) moral hazard
  C) a positive externality
  D) a free-rider problem


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polinasid

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

C

Answer to Question 2

B


Mr3Hunna

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

carlsona147

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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