If Demand for Personal Computers Increases as a Result of an Increase

question 51

Multiple Choice

If demand for personal computers increases as a result of an increase in income,

• A)personal computers must be a normal good
• B)personal computers must be an inferior good
• C)personal computers must be a complement
• D)the substitutes for personal computers must be inferior goods
• E)the substitution effect is larger than the income effect

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Definitions:

Report Information

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Foreign Currency Transactions

Transactions involving the exchange of currency from one country (foreign currency) for the currency of another country, requiring adjustments in financial records to reflect exchange rate changes.

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Specified or expressed in a particular currency or unit of measure.

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A lender based in a different country from the borrower, often involved in international financing and loans.