The BP curve shifts to the left when:
a. the exchange rate falls.
b. interest rates rise.
c. income rises.
d. imports increase.
A
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Use the following information to answer the next question.Maya purchases only three products; orange juice, prepared meals, and on-demand episodes of her favorite shows. Each week she purchases 2 bottles of orange juice, 14 prepared meals, and 8 on-demand episodes. The prices of bottles of orange juice, prepared meals, and on-demand episodes for four different years are shown in the table below.YearPrice of Orange JuicePrice of Prepared MealsPrice of On-Demand Episodes1$2$6$102$6$5$123$4$7$134$4$8$11How much will Maya spend per week in Year 1?
A. $210 B. $178 C. $208 D. $168
In the table above, country B is producing 4 units of X and 6 units of Y. For country B, the opportunity cost of producing an additional unit of X is
A) 4 units of Y per unit of X. B) 2 units of Y per unit of X. C) 3/2 units of Y per unit of X. D) 1 unit of Y per unit of X.
If a game is a fair bet, then people will be willing to play the game regardless of the payoffs.
Answer the following statement true (T) or false (F)
Fractional ownership of a firm is represented by
A. a corporate bond. B. retained earnings. C. a share of stock. D. capital gains.