Airlines that restrict members' ability to use frequent flyer miles during holiday periods likely do so because:
a. the opportunity cost to airlines of filling seats with frequent flyers is lower at these times
b. the opportunity cost to airlines of filling seats with frequent flyers is higher at these times.
c. passengers have more transportation alternatives available to them at these times.
d. airlines want to protect their most loyal customers from the discomfort of overcrowded airplanes.
b
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An external cost is:
A. the cost of a warehouse. B. a cost of production in some other market. C. the economic harm that a positive externality imposes on others. D. the economic harm that a negative externality imposes on others.
An open market ________ by the Fed decreases the money supply, which leads to ________ interest rates and a fall in investment spending.
A. sale; increased B. sale; decreased C. purchase; increased D. purchase; decreased
The ratio of the change in the equilibrium level of output to the change in taxes is the
A. tax multiplier. B. tax rebate ratio. C. government tax deficit. D. tax revenue calculator.
Social Security benefits funded by from dividends from the Social Security Trust Fund.
Answer the following statement true (T) or false (F)