The price of an airline ticket from Denver to Chicago costs $300. A bus ticket costs $150. Traveling by plane takes 2 hours compared with 32 hours by bus. Other things constant, an individual would gain by choosing air travel if, and only if, his time were valued at more than Select one:
a. $2 per hour.
b. $4.69 per hour.
c. $5 per hour.
d. $150 per hour.
b. $4.69 per hour.
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Martha quits a minimum-wage part-time job for a salaried full-time job. The BLS will count Martha as
A) originally unemployed but now employed. B) originally employed and continuing to be employed. C) originally a discouraged worker but now happily employed. D) any of the above.
The manager of a large luxury hotel chain is currently negotiating a four year contract with a linens supplier. The linens company will supply fresh laundered bedding and towels to the hotel over a four year period; however, the hotel chain can ends its contract with the linens company at the end of the first, second, or third years if the linens company does not supply quality linens. What can
the manager of the hotel chain do to avoid the end-game problem? A) Pay the linens company in full after the third year. B) Pay the linens company in full after the second year. C) Pay the linens company in full after the first year. D) Offer a bonus to the linens company if they provide quality linens all four years.
What would the Herfindahl-Hirschman Index equal for an industry consisting of 20 firms with each holding a 5 percent market share?
A. 20 B. 100 C. 500 D. 2,500
What is odious debt, and how is the Democratic Republic of the Congo (DRC) an example of this?
What will be an ideal response?