The population growth rate of the DVCs (developing countries) as a group in recent decades has been:
A. Steady
B. Declining
C. Rising modestly
D. Rising rapidly
B. Declining
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The present value of a stream of future revenues varies ________ with the future revenues and ________ with the interest rate
A) inversely; inversely B) directly; directly C) inversely; directly D) directly; inversely
Industrial unions in the United States formed a national organization known as
a. the National Union b. the Knights of Labor c. the American Federation of Labor (AFL) d. the Congress of Industrial Organizations (CIO) e. the AFL-CIO
Which of the following explains why theater prices for popcorn are three or four times higher than the popcorn price in the grocery store?
A. Grocery stores are satisfied with normal profit while theaters seek economic profit. B. The grocery store sells a much higher volume and gets its profits that way. C. The cost of popping the popcorn is high. D. The demand curve for popcorn in a theater is more inelastic than the demand for popcorn at the grocery store.
We observe a market where the price has risen and the quantity being sold has declined. This could be caused by a(n):
a. Increase in demand b. Increase in supply c. Decrease in demand d. Decrease in supply