If the price of X falls, the budget constraint
a. shifts outward in a parallel fashion.
b. shifts inward in a parallel fashion.
c. rotates outward about the X-intercept.
d. rotates outward about the Y-intercept.
d
Economics
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The first Taco Bell 7-layer burrito you ate was extraordinary. The second one was good. The third one was pretty good. The fourth one was just kind of okay. This illustrates
A) utilitarianism. B) diminishing marginal utility. C) the benefits-received principle. D) transcendentalism.
Economics
Refer to the Article Summary. All else equal, a depreciation of the Chinese yuan relative to a currency such as the U.S. dollar should ________ Chinese exports and ________ imports to China
A) decrease; decrease B) decrease; increase C) increase; increase D) increase; decrease
Economics