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The slope of a budget constraint line is influenced by A the tastes and preferences of the decision-maker. B) the size of the budget.

The slope of a budget constraint line is influenced by


A the tastes and preferences of the decision-maker.

B) the size of the budget.

C) the relative prices of the two goods competing to satisfy wants.


Assuming there are only two types of outputs in a country: consumer goods and nuclear missiles. All else being constant, as the nation produces more missiles,

A) the more likely it is to satisfy all consumer wants.

B) every additional missile will reduce consumer goods production by more and more.

C) the opportunity cost of consumer wants being satisfied will diminish.


Suppose that there are only two types of output in a country: nuclear missiles and consumer goods. All else being constant, as the nation produces more missiles,

A) every additional missile will increase consumer goods production by more and more.

B) the greater the opportunity cost will be of satisfying consumer wants.

C) the opportunity cost of consumer wants being satisfied will diminish.

Top Answer

i).C) the relative prices of the two goods competing to satisfy wants ii).B)... View the full answer

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