Moving along a budget line, the prices of both goods:
a. vary and the consumer's budget is held constant.
b. are held constant and the consumer's budget varies.
c. and the consumer's budget are held constant.
d. and the consumer's budget vary.
c
Economics
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When the demand for a currency permanently increases, that nation's central bank can maintain its fixed exchange rate indefinitely
Indicate whether the statement is true or false
Economics
When you buy at a low price in one market then sell at a higher price in another market you are engaging in
A) arbitrage. B) price discrimination. C) odd pricing. D) an antitrust prohibited practice.
Economics