A substantial increase in the price of oranges (a normal good) is likely to result from:
A) an increase in the amount of imported oranges.
B) a prolonged freeze in Florida.
C) a decline in buyers' incomes.
D) a decrease in the public's demand for orange juice
Ans: B) a prolonged freeze in Florida.
Economics
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Which of the following did not help Thailand maintain its peg against the dollar in the 1990s?
A) borrowing dollars from the International Monetary Fund in exchange for baht B) foreigners selling off new investments in Thailand C) increasing domestic interest rates to attract more foreign investors D) buying baht on the foreign exchange market to support higher demand for the baht
Economics