2. Suppose we have a 2- good economy; clothing and food. Food is graphed on the Y axis and clothing is graphed on the X axis. a. If prices and income double, what will happen to the budget line? b. Express the slope of the budget line in terms of the prices of the 2 goods (PC and PF) c. What happens to the budget line if a tax of 10% is placed on the purchase of clothing? d. What is the slope of the budget line after the introduction of the tax?

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

Match each economic concept with the scenarios that illustrates it

What happens when the government finances a job creation project through taxes and borrowing?