What do we know about finlay spending

Assignment Help Microeconomics
Reference no: EM132473032

Suppose Finley spends $1,000 a year on food. The government now gives him $500 in food stamps.

What do we know about Finlay's spending? Assume food is a normal good.

(Select each correct answer.)

The effect of the food stamps on Finley's cash expenditure must be the same as the effect of a hypothetical $500 gift in cash

The effect of the food stamps on Finley's cash expenditure must be the same as the effect of a hypothetical $500 voucher than can be spent only on non-food

Finlay might consume exactly $1,000 a year on food

Finlay might consume less than $1,000 a year on food

Reference no: EM132473032

Questions Cloud

Discuss the trades common stock on the NYSE : Discuss the trades common stock on the NYSE. Please identify and describe the information that is included in the stock trading reports for that stock.
What are two marketing vehicles that may be appropriate : Thinking about that same facility, what are two marketing vehicles that may be appropriate for it? Do you believe that this unit has helped you learn more.
Difference between trade deflection and trade diversion : What is the difference between Trade deflection and trade diversion? And Trade Creation?
What is the area under the new budget constraint : Draw the budget constraint. What is the area under the new budget constraint?
What do we know about finlay spending : Suppose Finley spends $1,000 a year on food. The government now gives him $500 in food stamps.
Create a individual market view report : Create a Individual Market View Report. Do you think that exchange rates will go up or down in the next 3 to 6 months? Why do you think this?
Which foods in your recorded daily intake provide protein : Which foods in your recorded daily intake provide protein? Which provide carbohydrates? Which provide lipids? Review how your recorded protein, carbohydrate.
Determine physical inventory count : Sheffield uses a periodic inventory system. At the end of the year, a physical inventory count determined that there were 200 units on hand
Describe how you can apply theory and knowledge : Describe how you can apply theory and/or knowledge from your public health experience into practice while working in a nursing health care facility.

Reviews

Write a Review

Microeconomics Questions & Answers

  What would be the best method to use

The forecasting technique which attempts to forecast short-run changes and makes use of economic indicators known as leading, coincident or lagging indicators.

  What would be the costs of each action

What 1 policy could you use to reduce the total amount of emissions and why do you think the policy would reduce the total amount of emissions?

  What price will the firm charge

Assume the following regarding a firm in Perfect Competition: What price will the firm charge? What is the firm's equilibrium quantity

  What property classifications are used

For this assignment find the answers to the following questions about property taxes in Ohio. What property classifications are used?

  How do people in country access health care give at least

health care systems around the world provide different levels and types of care and are paid for in dramatically

  Provide appropriate spreadsheets such as projected income

Provide appropriate spreadsheets such as Projected Income Statement and Projected Balance Sheets to validate your projected assumptions.

  What is the dissimilarity in equivalent uniform annual cost

Machine A was purchased three years ago for $10,000 and had an estimated market value of $1,400 at the end of its ten-year life. Annual operating costs are $1,200. The machine will perform satisfactorily for the next seven years. A salesman for anoth..

  Why might you expect to see flat royalty payments in

why might you expect to see flat royalty payments in home-based franchises but revenue-based royalties in franchises

  What is the cost of producing 10 units in the short run

Currently, K = 100. What is the cost of producing 10 units in the short run? Hint: first determine how much labor is needed.

  Assume that s -25 2yd how much would government spending

assume that the current level of income in the economy is 700 billion. it is determined that in order to reduce the

  Assume you have been hired as a managing consultant by a

assume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision

  Please write a business memo

Please write a business memo: Gary transfers property in trust. he trust income is payable to Gary's grandchildren, as Winnie sees fit. Winnie and an independent trust company are designated as trustees.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd