
Quizz 1
Quiz
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Social Studies
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University
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Practice Problem
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Medium
Margarita Samartin
Used 3+ times
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Assume income =20. There are 2 goods with prices=2, the budget line is:
10 = c1 + c2
20 ≥ c1 + c2
20 = c1 + c2
10 ≥ c1 + c2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The budget constraint is defined by:
R = p1c1 + p2c2
R ≥ p1c1 + p2c2
R = p1c1 - p2c2
R = - p1c1 + p2c2
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price of a good increases, when other variables remain constant, the budget line:
It shifts in a parallel way
It does not change
It shifts, but not in a parallel way
It increases
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in revenue, keeping prices constant:
Leaves your purchasing power unchanged
Increases your purchasing power
Does not explain the purchasing power
Reduces the purchasing powe
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the budget line is 100=10 c1 + 20 c2. The slope of the line is:
0.5
1
2
10
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