If the Price of Good X Is $10 and Price

question 65

True/False

If the price of good X is $10 and price of good Y is $15, the slope of the budget constraint is -1.5.

---

Definitions:

McCarran Act

also known as the Internal Security Act of 1950, is a United States federal law that required Communist organizations to register with the U.S. Attorney General and established the Subversive Activities Control Board.

1952

The year 1952, significant for various historical events including the U.S. presidential election where Dwight D. Eisenhower was elected President.

Quota System

A method for controlling immigration or trade by allocating specific limits to certain groups or countries.

Immigrants

People who move to a country other than their native one to live, often in search of better living conditions, employment, or to escape conflict.