Which of the following would not lead to a shift of the demand curve for apples?
a. an increase in the price of oranges
b. a decrease in incomes for consumers
c. a decrease in the supply of apples
d. an increased preference for apples
e. a decrease in the population
C
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Does the fact that diamonds are so expensive imply that the demand curve for diamonds has a positive slope? Use marginal utility theory to answer the question
What will be an ideal response?
Which of the following would be an example of a nongovernmental solution to a problem associated with externalities?
a. society's preference to drive large cars and SUVs b. new stricter anti-litter laws c. a general moral commitment against using sprinklers during a drought d. tax credits for the purchase of hybrid autos
Convergence is a pattern in which:
a. low-income and middle-income economies grow faster than those of high-income countries. b. high-income economies grow faster than those of low-income and middle-income countries. c. Western economies grow faster than Eastern economies. d. Eastern economies grow faster than Western economies.
Do you agree that currency depreciation will lead to an increase in the debt burden of the companies that borrow in foreign currency? Explain with an example