Which of the following would shift a budget line to the left?
A decrease in income or a decrease in prices A decrease in income or an increase in prices An increase in income or a decrease in prices An increase in income or a increase in prices
Unemployment and underemployment can:
not be illustrated by use of a production-possibilities frontier. both be illustrated by a point on a production-possibilities frontier. both be illustrated by a point inside a production-possibilities frontier. both be illustrated by a point outside a production-possibilities frontier. be illustrated by a shift of the production-possibilities frontier inward (to the left).