If a university expects $160,000 in ticket revenue from five home football games and $180,000 in ticket revenue if it adds a sixth game, the
A) marginal revenue of the sixth game is $20,000,
B) marginal revenue of the sixth game is $30,000.
C) sixth game will cost more than each of the previous five games.
D) university should add a sixth game only if the average cost of a game is less than $30,000.
A
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Your textbook argues that in a market system income is earned and "distributed"
A) in the process of its creation. B) as a result of the supply and demand for productive services. C) in ways that might not be considered "fair" in all cases. D) in all of the above ways.
Is fiscal policy able to influence economic growth?
a. yes, in the short run b. no, because it affects only aggregate demand c. yes, in the long run d. no, because it affects only aggregate supply
Cyclical unemployment is caused by fluctuations in economic activity.
Answer the following statement true (T) or false (F)
During the 1960s, U.S. steel firms argued they needed tariff protection because Germany and Japan were using new mills to make steel since their old mills were destroyed in World War II. Essentially, this argument is a form of the
A) infant-industry argument. B) anti-dumping argument. C) countering foreign subsidies argument. D) national defense argument.