#865517

#865517: We say that good 2 represents a … that stands for everything else that the consumer might want to consume other than good 1.

We say that good 2 represents a … that stands for everything else that the consumer might want to consume other than good 1.
Варианты ответа:
  • Absolute Good
  • Inferior Good
  • Best good

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Тематика: Микро- и макроэкономические основы рыночного ценообразования Теория отраслевых рынков Экономическая мысль дорыночной экономики
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Economists sometimes say that the slope of the budget line measures the … of consuming good 1. The budget line is defined by two prices and one income, but one of these variables is …. Governments also sometimes impose …. This means that the level of consumption of some good is fixed to be no larger than some amount. For example, during World War II the U.S. government rationed certain foods like butter and meat. In this task, economists are guided by the …, which states that people typically try to choose what’s best for them, and by the equilibrium principle, which says that prices will adjust until demand and supply are equal. Households with … incomes had to pay more for their allotment of food stamps. Thus the slope of the budget line would become steeper as household income increased.