Why is the demand for foreign currencies known as a derived demand?
The demand for foreign currencies is known as a derived demand, because the demand for a foreign currency derives directly from the demand for foreign goods and services or for foreign investment.
Economics
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Differentiate between an induced increase in consumption and an autonomous increase in consumption. How are they represented on a graph?
Economics
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow. Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.
Economics