« previous next »

Author Question: If an individual's income increases A) the person's indifference curves shift outward in a ... (Read 71 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?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ... The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ...
How to horizontally shift a quadratic function along the x-axis How to horizontally shift a quadratic function along the x-axis
Health and Income per Capita: Two Views Health and Income per Capita: Two Views
Relationship Between Income per Capita and Population Growth Relationship Between Income per Capita and Population Growth
Relationship between Latitude and Income per Capita Relationship between Latitude and Income per Capita
Survivorship curves. Blue lines are theoretical curves. Red dots are data from field studies. Survivorship curves. Blue lines are theoretical curves. Red dots are data from field studies.
Video: Lipid catabolism - lipolysis and beta oxidation and oxidation of fatty acids

For a complete list of videos, visit our video library