Examlex
The following diagram shows two budget lines: A and B.
Which of the following could explain the change in the budget line from A to B?
Domestic Producers
Companies and individuals within a country that produce goods and services for the local market.
Quotas
Quantitative limits set by governments on the amount of specific goods or services that can be imported or exported during a specified time frame.
Consumer Surplus
The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually do pay.
Quota Rights
Licenses or permissions issued by a government that allow specific quantities of goods to be imported or exported.
Q104: When two goods are perfect complements,the indifference
Q108: Discrimination is a reflection of some people's
Q143: Based on U.S.data for 2008,the poverty rate
Q147: When a consumer is purchasing the best
Q148: An example of a transitory change in
Q156: When comparing average wages for male and
Q182: Refer to Table 20-3.Where would the government
Q273: Standard measurements of the degree of income
Q343: On average,the distribution of income tends to
Q433: Which of the following is not correct?<br>A)