Which of the following events, ceteris paribus, would cause a rightward shift in the demand curve for euros?
a. an decrease in the average income of European consumers
b. an increase in European tastes for American goods
c. an increase in the average income of U.S. consumers
d. an increase in U.S. tariffs on European goods
c. an increase in the average income of U.S. consumers
You might also like to view...
An in-kind transfer is a
A. transfer made by people to be kind to others. B. transfer of wealth. C. transfer of goods and services instead of cash. D. system of clearing checks by local banks.
When more and more doses of fertilizers are added to a fixed plot of agricultural land, the crop yield initially declines but eventually rises
a. True b. False Indicate whether the statement is true or false
Free market economies
a. often have dirty air and rivers. b. acting on their own do not do enough to efficiently deal with externality problems. c. while not protecting the environment automatically do offer a powerful tool that may be used for that purpose. d. All of the above are correct.
Columns 1 and 2 make up a portion of a monopolist's production function for a single variable input, labor. Columns 2 and 3 represent the demand function facing the monopolist over this range of output: If the monopolist faces a fixed wage rate of $300, how many units of labor will the firm employ?
A. 3 units B. 4 units C. 5 units D. 6 units E. 7 units