The questions are in the photos below: I would like them all solved and the correct answer options too.
QUES'ion1 A fixed exchange rate is an example of Not yet answered Select one: ngked 0\" 0f 0 a. a quantity restriction in a market. l7 Flag 0 b. a price control. question 0 c. a tax on foreign exchange transactions. 0 d. fiscal policy. QUESHOr1 2 If the apple market is in equilibrium then Not yet answered Select one: 21:;de 0L\" M O a. the market price that eventuates is the best price possible. 'l' Flag 0 b. there is no surplus or shortage of apples. question 0 c. the production of apples is maximised. 0 d. consumers cannot be made any better off with a different price. QUESiion 3 One of the reasons that the price of international air travel has been declining over the last 20 years is that Not yet answered Select one: 21:?\" 0\" 0f 0 a. governments have been reducing taxes on flying. '7 Flag 0 b. there are a lot more people flying than before. question 0 c. planes have become smaller so are cheaper to run. 0 d. advances in technology have made planes more efficient to fly. Question 10 Not yet answered Marked out of 1.00 V Flag question The demand curve shows that Select one: Q a. as the price rises consumers purchase more. 0 b. as the price falls consumers purchase more. 0 c. as the price rises sellers supply more. 0 d. as the price falls sellers supply more. Question 4 Not yet answered Marked out of 1.00 V Flag question Question 5 Not yet answered Marked out of 1.00 V Flag question Question 6 Not yet answered Marked out of 1.00 V Flag question If demand for the $NZ shifts right then there is pressure on the exchange rate to Select one: Q a. fall due to excess supply of $NZ at the previous equilibrium value. 0 b. fall due to excess demand for $NZ at the previous equilibrium value. 0 c. rise due to excess demand for $NZ at the previous equilibrium value. 0 d. rise due to excess supply of $NZ at the previous equilibrium value. Which of the following statements is correct? Select one: Q a. When the market price falls then demand must have fallen. O b. If the quantity traded in a market rises then there must also have been a change in quantity demanded. O c. A shortage in a market puts pressure on the market price to fall. 0 d. If supply shifts left and demand shifts right then the market price will certainly rise but the effect on quantity traded is Suppose the government decreed that the price of bread should be no more than $1.00 per loaf. The equilibrium price is ambiguous. $2.00 per loaf. The outcome in the market is Select one: Q a. excess supply of bread. 0 b. no effect. 0 c. happy consumers as everyone can now buy bread for $1.00. Od. excess demand for bread. Question 7 Not yet answered Marked out of 1.00 V Flag question Question 8 Not yet answered Marked out of 1.00 V Flag question Question 9 Not yet answered Marked out of 1.00 F Flag question If the price in a market is free to adjust then excess demand will result in Select one: Q a. shortages and a black market. 0 b. no change to the market price. 0 c. a price decrease. Q d. aprice increase. The rise in the price of oil experienced by the world in the 1970's was due Select one: 0 a. mainly to a right shift in the demand curve. 0 b. mainly to a left shift in the supply curve. 0 c. to a shift of both supply and demand curves. 0 d. to the US government lifting price controls. An increase in the price of fertiliser is likely to cause the wheat will and quantity traded will Select one: Q a. supply; right; fall; rise. 0 b. demand; left; fall; fall. 0 c. supply; left; rise; fall. 0 d. demand; right; rise; rise. curve for wheat to shift and so the price of
