Figure 19-11 -Refer to Figure 19-11.Which of the Events Below Cause the Events

question 404

Multiple Choice

Figure 19-11

-Refer to Figure 19-11.Which of the events below cause the shifts in the supply and demand curves in the market for dollars against the British pound shown in the graph above?

• A)interest rates rise in England
• B)interest rates rise in the United States
• C)real income rises in the United States
• D)real income falls in England

---

Definitions:

Efficiency

A measure of the ability of a person, machine, system, or process to achieve its goals with the minimum amount of waste, expense, or unnecessary effort.

Franchisee

An entity that has been granted the license by a franchisor to operate under the brand's name and offer its products or services.

Product-Distribution

The process of moving a product from its manufacturing source to its final consumers through various logistical and sales channels.

Trade Name

A commercial name used by a company or business that differs from its legal registered name, under which it conducts business.