In an attempt to forecast enrollment, a major university hired an economist to give a "head count." One variable which she would probably emphasize more than any other in trying to forecast this is
a. how interested people are in attending college.
b. the employment opportunities that college opens up.
c. survey results on public interest in education.
d. her instinct about what the public wants.
e. tuition (the price of attending).
e
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A stock is purchased either for the expected gain in the price of the stock, for the dividends that the stock may pay, or both.
Answer the following statement true (T) or false (F)
An example of moral hazard is
a. workers working diligently even though the boss is not looking b. health care insured dieting and exercising c. drivers of safer cars texting on their phones while driving d. borrowers investing their loan proceeds exactly as the bank requires
Government price controls a. strip market prices of their ability to signal relative scarcities to both buyers and sellers. b. often impose harm on at least some of the group of people they are trying to assist. c. sometimes force prices above or below what they would be in a market economy
d. all of the above
Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s).According to this Application, the recent result of the harmattan was to ________ the equilibrium price and ________ the equilibrium quantity of cocoa.
A. increase; increase B. increase; decrease C. decrease; increase D. decrease; decrease