Saudi Telecom Is a Major Producer of Telecommunications Equipment in Saudi

question 255

Multiple Choice

Saudi Telecom is a major producer of telecommunications equipment in Saudi Arabia. The Free Market Iraqi Conglomerate FMIC) is a collections of over 100 firms that wish to upgrade the communications infrastructure of Iraqi. When FMIC buys $4.5 million U.S. dollars worth of equipment from Saudi Telecom, the

• A) demand curve for Iraqi dinars and the supply curve for U.S. dollars both shift rightward.
• B) demand curve for Saudi Arabian riyals and the supply curve for Iraqi dinars both shift rightward.
• C) demand curve for U.S. dollars shifts rightward.
• D) demand curve for Saudi Arabian riyals and the supply curve for U.S. dollars both shift rightward.

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