In the study conducted by Miles Corak, which of the following countries had the strongest relationship between parental and child income?
A. France
B. United States
C. United Kingdom
D. Denmark
Answer: C
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If the current price of a good is the same as that found at the intersection of the market demand and supply curves, then: a. excess demand exists
b. excess supply exists. c. price will rise. d. price will fall. e. the market is in equilibrium.
Which of the following statements is correct regarding a firm's decision-making?
a. The decision to shut down and the decision to exit are both short-run decisions. b. The decision to shut down and the decision to exit are both long-run decisions. c. The decision to shut down is a short-run decision, whereas the decision to exit is a long-run decision. d. The decision to exit is a short-run decision, whereas the decision to shut down is a long-run decision.
Which of the following shifts the demand curve for movie downloads rightward?
A) a decrease in the price of downloading a movie B) a 10 percent increase in people's income if movie downloads are a normal good C) a decrease in the price of cable television service D) an increase in the quantity and quality of programming included in the basic cable television service package
Is there a relationship between a CEO's retirement and the R&D expenses in a firm?
What will be an ideal response?