This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Indifference curves tend to be convex because ________. A) they are bowed inwards toward the ... (Read 116 times)

809779

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Indifference curves tend to be convex because ________.
 
  A) they are bowed inwards toward the origin
  B) consumers dislike large fluctuations in consumption from one period to the next
  C) of the gap between real and nominal interest rates
  D) the marginal rate of substitution exceeds the price effect

Question 2

The classical dichotomy states that
 
  A) money is superneutral.
  B) goods markets are separated from labor markets.
  C) demand is separate from supply.
  D) real markets determine nominal outcomes, not the reverse.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

31809pancho

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


809779

  • Hero Member
  • *****
  • Posts: 579
Reply #2 on: Jun 30, 2018
Correct answers!


31809pancho

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Head shot, showing convex profile Head shot, showing convex profile
Linked alleles tend to be inherited together Linked alleles tend to be inherited together
Titration curves for (a) glutamate and (b) histidine Titration curves for (a) glutamate and (b) histidine
The Rotation Curves of Four Spiral Galaxies The Rotation Curves of Four Spiral Galaxies
Although males tend to be larger than females, the two overlap significantly in size. The size of a Although males tend to be larger than females, the two overlap significantly in size. The size of a
Early-maturing boys tend to be advantaged because they often fit cultural ideals of masculinity. Early-maturing boys tend to be advantaged because they often fit cultural ideals of masculinity.
Video: Adolescent Diabetes

For a complete list of videos, visit our video library