Empirical evidence suggests that more digital cameras are being sold today than one year ago, and the selling price has decreased. The probable reason for this could have been an increase in supply
a. True
b. False
Indicate whether the statement is true or false
True
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The XYZ Co is hiring salespersons. They will be paid a very attractive hourly rate that is independent of how much they sell. Describe an adverse selection that would take place. Describe a moral hazard that would take place
What will be an ideal response?
The three possible sources of government funding include
A) explicit fees, taxes, and borrowing. B) international income, personal income taxes, and export taxes. C) foreign aid, revenues, and implicit fees. D) None of the above are correct.
Which of the following is (are) factors affecting the constant in gravity equation estimates?
I. tariffs and quotas II. customs' issues and finance and currency issues III. administrative barriers to trade a. I b. II c. III d. I, II, and III
During spring break, students have an elasticity of demand for a trip to Cancun, Mexico, of ?4. How much should an airline charge students for a ticket if the price it charges the general public is $420? Assume the general public has an elasticity of ?2.
A. $280 B. $160 C. $210 D. $105