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Все вопросы
- A market where each economic agent takes the market price as outside of his or her control is called a super market. #101
- The … consists of all bundles of goods that the consumer can afford at given prices and income. We will typically assume that there are only two goods, but this assumption is more general than it seems. #102
- The … is written as p1x1+p2x2 = m. It has a slope of −p1/p2, a vertical intercept of m/p2, and a horizontal intercept of m/p1. #103
- Increasing income shifts the budget line …. Increasing the price of good 1 makes the budget line steeper. Increasing the price of good 2 makes the budget line flatter. #104
- Taxes, subsidies, and rationing change the slope and position of the budget line by changing the … paid by the consumer. #105
- The economic theory of the consumer is very simple: economists assume that consumers choose the … bundle of goods they can afford. #106
- We say that good 2 represents a … that stands for everything else that the consumer might want to consume other than good 1. #107
- Economists sometimes say that the slope of the budget line measures the … of consuming good 1. #108
- The budget line is defined by two prices and one income, but one of these variables is …. #109
- 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. #110