« previous next »

Author Question: If an individual's income increases A) the person's indifference curves shift outward in a ... (Read 78 times)

Bernana

  • Hero Member
  • *****
  • Posts: 530
on: Jun 29, 2018
If an individual's income increases
 
  A) the person's indifference curves shift outward in a parallel manner.
  B) the person's budget line shifts outward in a parallel manner.
  C) there will be no impact on the individual's budget line or indifference curves.
  D) None of the above answers is correct.

Question 2

The figure above shows the demand and supply of dollars in the foreign exchange market. The equilibrium in the market occurs at a price of ________ Brazilian reals per dollar and a quantity of ________ billion dollars.
 
  A) 2.0; 100
  B) 2.4; 120
  C) 1.6; 100
  D) 100; 2.0


ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Gene duplication increases genetic complexity Gene duplication increases genetic complexity
How the Wernicke-Geschwind model works in a person who is responding to a heard question and reading ... How the Wernicke-Geschwind model works in a person who is responding to a heard question and reading ...
How to plot a cosine function containing an amplitude and phase-shift (Question 1 of 2) How to plot a cosine function containing an amplitude and phase-shift (Question 1 of 2)
How to plot a cosine function containing an amplitude and phase-shift (Question 2 of 2) How to plot a cosine function containing an amplitude and phase-shift (Question 2 of 2)
Perfect logistic curves Perfect logistic curves
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
Video: HIV replication/ Replication cycle of HIV

For a complete list of videos, visit our video library