How does an increase in income affect the market of iPads (normal good)?
a. The demand curve for iPads to shift to the right
b. The demand curve for iPads to shift to the left
c. The supply curve for iPads to shift to the right
d. The supply curve for iPads to shift to the left
a
Economics
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Bill Gates wants billions of dollars, and has them. Buddha wanted nothing, and had nothing. What can an economist conclude?
A) Gates is wealthy, Buddha wasn't. B) Buddha was wealthy, Gates isn't. C) Gates is wealthy, and so was Buddha. D) Nothing
Economics
For assessing whether or not and how much of an asset to hold, the important consideration is the asset's amount of
A) diversifiable risk. B) nondiversifiable risk. C) relative risk. D) absolute risk.
Economics