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The variables that determine a household's budget line are
选项：

A:its preferences and income.
B:its preferences and prices.
C:prices and income.
D:None of the above are correct.

发布时间：2024-05-06 22:07:50

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1. A budget line shows the 选项： A、 consumption possibilities of a consumer at a given level of income and prices. B、 complete set of preferences for a household at various incomes. C、 consumption possibilities for several sets of relative prices at a level of income. D、 rate at which consumers wish to substitute one good for another.
2. Lily is a college student who likes to buy only two goods: Cheetos and Pepsi. To determine Lily's budget line, you need to knowI. Lily's preferences for Cheetos and Pepsi.II. The prices of Cheetos and Pepsi.III. Lily's income. 选项： A、 II only B、 I and II C、 II and III D、 I, II and III
3.A budget line shows the combinations of: 选项： A:prices that place a limit on the purchase and consumption of two goods. B:two goods that can be purchased with a given income, and given the prices of the two goods. C:two goods that can be purchase at various levels of income. D:the quantities of two goods that can be purchased at various prices.
4.In the Ricardian trade model, a country captures more of the gains from trade if: 选项： A: it produces all products while its trade partner specializes in one good. B: the terms of trade are closer to its autarkic prices than to its partner’s autarkic prices. C: the terms of trade are closer to its partner’s autarkic prices than to its autarkic prices.
5.Jane’s budget line ________. 选项： A、shifts outward with no change in its slope if her budget increases and prices don’t change B、rotates inward if the prices of both goods double and her budget doesn’t change C、shifts inward with no change in its slope if the price of one good rises and her budget doesn’t change D、rotates outward if her budget increases and prices don’t change
6.If Slovenia were a large country in world trade, then if it imposes a large set of tariffs on its imports, this must 选项： A、decrease the internal price of imports below the world market rate. B、improve the real income of its trade partners. C、harm Slovenia's real income. D、improve Slovenia's real income.
7.【单选题】An increase in income, holding prices constant, can be represented as: 选项： A、a change in the slope of the budget line. B、a parallel outward shift in the budget line. C、an outward shift in the budget line with its slope becoming flatter. D、a parallel inward shift in the budget line.
8.The assumption of diminishing marginal rate of substitution means that 选项： A: the budget line has a negative slope. B: the budget line does not shift when people's preferences change. C: indifference curves might have a positive slope. D: indifference curves will be concave.
9.Refer to Figure 3.2.3 above. The rotation of the budget line could have been caused by: 选项： A:an increase in income. B:an increase in the price of food. C:a decrease in the price of food. D:an increase in the preference for food.
10.The above figure shows Jane's budget line and two of her indifference curves. Which of the following happens to Jane's budget line if there were an increase in her monthly dining-out budget? 选项： A: It would bend toward the origin, becoming more convex. B: It would bend away from the origin, becoming more concave. C: It would shift rightward and not change its slope. D: It would shift leftward and not change its slope.
11.Figure 4 illustrates Sally's budget line and her preferences. At point(s. ________, the marginal rate of substitution is equal to the relative price. 选项： A: B B: B C and E C: D D: E and C
12.If the consumer ’s budget line is y = 30-0.5x, then for this
consumer, the consumption mix (x = 20, y = 20) ( ) 选项： A、happens to be on its budget line B、Located on the upper right of the budget line C、Located at the bottom right of the budget line D、Uncertain position
13.Jessica's preferences for peanut butter and jelly are represented by the utility function U (p,j) = min{2p; 5j}. If prices and income change, but her old consumption bundle lies somewhere on her new budget line, she will not change her consumption.选项： A:对 B:错
14.When the price of a good changes, the substitution effect can be found by comparing the equilibrium quantities purchased选项： A:on the old budget line and the new budget line.; B:on the original indifference curve when faced with the original prices and when faced with the new prices.; C:on the new budget line and a hypothetical budget line that is a shift back to the original indifference curve parallel to the new budget line.; D:on the new indifference curve.
15.The country depends on tourism for a major
portion of its income.

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The variables that determine a household's budget line are 选项： A:its preferences and income. B:its preferences and prices. C:prices and income. D:None of the above are correct.

The variables that determine a household's budget line are
选项：

A:its preferences and income.
B:its preferences and prices.
C:prices and income.
D:None of the above are correct.