An individual's demand curve
a. represents the various quantities that a consumer is willing to purchase of a good at various prices.
b. is derived from an individual's indifference curve map.
c. will shift if preferences, prices of other goods, or income change.
d. all of the above.
d
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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.
The primary way that banks earn money is:
A. through lending funds and collecting interest on those loans. B. through the accumulation of deposits. C. by lending money to the government. D. by the government paying them to regulate the financial system.
Refer to the graph shown. If a price control is used to eliminate deadweight loss, the new price and quantity in this market will be:
A. P2 and Q2, respectively. B. P3 and Q3, respectively. C. P2 and Q1, respectively. D. P1 and Q1, respectively.
Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term so that they:
A. Have time to learn how the Fed operates. B. Are more likely to make politically acceptable decisions. C. Make their decisions based on economic, rather than political, considerations. D. Have enough time to travel to all 12 regional banks.