The demand for a luxury good whose purchase would exhaust a big portion of one’s income is:

If the demand for farm products is price inelastic, a good harvest will cause farm revenues to:

Refer to the above data. If the price of X decreases to $2, then the utility-maximizing combination of the two products is:

The main point of Frederic Bastiat’s satire is that

The basic type of intervention by central banks under the managed floating exchange rate system is to:

For a linear demand curve:

Refer to the above graph. If more people in the United States decide to purchase Japanese cars, what effect will this have on the market for yen?

In the balance of payments of the United States, U.S. goods imports are recorded as a:

As it relates to international trade, dumping:

A change in the slope of a budget line is solely the result of a change in: