Small population may mean ______. A: higher productlvity, but a lower average income B: lower productivity, but a higher average income C: lower productivity and a lower average income D: higher productivity and a higher average income

When a consumer spends less time enjoying leisure and more time working, she has ? higher income and therefore cannot afford more consumption.|higher income and therefore can afford more consumption.|lower income and therefore cannot afford more consumption.|lower income and therefore can afford more consumption.

Given diminishing marginal utility of income, more income in one period can not ___________for lower income in another period. A: offsets B: compromises C: compensates D: compliments

By promoting more even income distributionin a developing country, a lower birth ratewould____. A: be achieved B: achieved C: achieve D: be achieving

Cutting taxes can lower investment through its impact on interest rates. This is an example of the: () A: Income effect. B: Accelerator effect. C: Crowding out effect. D: Multiplier effect.

P3-24: A consistent income gap.|A decreasing income gap.|An increasing income gap.|No income gap.

a good (or service) whose consumption declines as income rises and increases as income decreases increase in income=decrease in consumption decrease in income=increase in consumption

Owing to a/an ______ lack of lower-income housing, the municipal government is embarrassed by the impressing housing issue. A: acute B: stressful C: demanding D: urgent

Owing to an ______ lack of lower-income housing, the municipal government is embarrassed by the impressing housing issue. A: alien B: obscure C: acute D: elaborate

The rule changes are likely to. A: provide $ 90 billion in financial aid B: lower the amount of financial aid provided by the government C: cost each family an average of $1,000 per year D: have a ripple effect across federal income taxes