Airbus is a European jet airline producer. Indian Airlines wants to buy 23 Airbus planes from Airbus, due to increased demand for world travel. As a result
A) the demand curve for European euros and the supply curve for Indian rupees both shift rightward.
B) the demand curve for European euros shifts rightward and the supply curve for Indian rupees shifts leftward.
C) only the demand curve for Indian rupees shifts rightward.
D) only the demand curve for European euros shifts rightward.
A
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The above figure shows the marginal private cost curve, marginal social cost curve, and marginal social benefit curve for cod, a common resource. A quota to prevent the overuse of the cod sets the catch equal to ________
A) 0 tons per week B) 300 tons per week C) 400 tons per week D) None of the above answers is correct.
The AD curve will shift to the right if:
a. people become pessimistic about the future of the economy. b. there is a decrease in foreign income. c. the government decreases spending. d. the domestic price level decreases. e. the foreign price level increases.
Which of the following is not an example of a graph of a single variable?
a. a pie chart b. a bar graph c. a time-series graph d. a scatterplot
GoodPrice Increase Last YearAmusement park tickets5.0%Bowling balls4.2%Camouflage neckties3.1% Refer to Table 8.1, which gives hypothetical data on price changes for three goods. If the overall rate of inflation in the economy was 3.5%, which good(s) experienced a relative price increase?
A. Amusement park tickets only B. Amusement park tickets and bowling balls C. All three goods experienced relative price increases D. Camouflage neckties only