Which of the following policies would be most effective in the flat part of the SRAS demand curve?
a. The Fed decreases the money supply by 3 percent.
b. The Fed decreases the money supply by 10 percent.
c. The Fed increases the money supply by 3 percent.
d. The Fed increases the money supply by 10 percent.
d. The Fed increases the money supply by 10 percent.
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Intraindustry trade refers to
A) international trade of products made within the same industry. B) international trade of products made across different industries. C) trade that occurs as a result of comparative advantage. D) the exchange of non-similar items. E) trade that occurs mostly within developing countries.
Sam quits his job as an airline pilot and opens his own pilot training school. He was earning $40,000 as a pilot. He withdraws $10,000 from his savings where he was earning 6 percent interest and uses the money in his new business. He uses a building he owns as a hanger and could rent it out for $5,000 per year. He rents a computer for $1,200, buys office supplies for $500, rents an airplane for
$6,000 . pays $1,300 for fuel and maintenance, and hires one worker for $30,000 . Sam's total revenue from pilot training classes this year equaled $90,400 . Sam's explicit costs this year equals: a. $84,400. b. $39,000. c. $55,000. d. $45,600. e. $40,000.
___________ economics led to the creation of the communist state in Russia, Cuba, and other nations.
A. Malthusian B. Marxist C. Smithian D. None of these choices are correct
Which of the following situations demonstrates the endowment effect?
a. Ishani refuses to buy a used lamp at a yard sale because she has seen the same one, brand new, for a similar price at a department store. b. Aliyah prefers one brand of kombucha over another simply because the other one seems outrageously expensive. c. Dakota cannot decide which jacket is more practical, so she texts pictures of both to her mom to ask her opinion. d. Anil argues that a car dealership should give him more on his trade-in because he bought it for $43,000 only a few years ago.