Create an economic model of rational crime. For example, imagine a burglar is deciding which house to break into or a car thief is deciding which car…
September 3, 2020
This week, your project consists of finding at least two different current-news articles related to the country you selected.
September 3, 2020

Explain why each of the following statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate. 

A rational consumer cannot be indifferent between the {x, y} consumption bundles {2, 8} and {3, 4} and also the bundles {2, 8} and {4, 5}. [Hint: Use a consumer theory diagram to illustrate your answer.

A household may be made better off and is never worse made worse off if it receives a cash transfer of equal value to a housing voucher (a transfer that can only be spent on housing).

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