An individual's ________ determines his or her opportunity to purchase certain products or services, or the limitations on such purchases

Suppose the equilibrium exchange rate for dollars to euros is 1.2 $/€ representing 2 billion dollars traded, and the German consumers have recently started buying the latest iPads

What would you expect to happen to the equilibrium quantity and price in the currency market? A) The equilibrium price and quantity would fall. B) The equilibrium price and quantity would rise. C) The equilibrium price would rise, and quantity would fall. D) The equilibrium price would fall, and quantity would rise.

If Becky promises not to drink alcohol until she becomes a legal adult in exchange for Ben's promise of $1,000, the agreement is

a. enforceable because Becky is giving up the right to do something she would otherwise be entitled to do. b. enforceable because the agreement accomplishes Ben's goal of keeping Becky from drinking. c. not enforceable because Becky does not have a legal right to drink alcohol. d. not enforceable because Becky is a minor and could disaffirm the contract.