How does an increase in income affect the market for iPads (normal good)?
a. The demand curve for iPads shifts to the right
b. The demand curve for iPads shifts to the left
c. The supply curve for iPads shifts to the right
d. The supply curve for iPads shifts to the left
a
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Derive the interest parity condition and interpret it
What will be an ideal response?
When banks calculate the losses the institution would incur if an unusual combination of bad events happened, the bank is using the ________ approach
A) stress-test B) value-at-risk C) trading-loss D) maximum value
An individual's supply curve is backward bending
a. True b. False Indicate whether the statement is true or false
Economic takeoff:
A. occurs when development becomes self-sustaining. B. will eventually occur in all developing countries. C. typically occurs in the absence of foreign investment. D. has yet to occur in any developing country.