The business cycle ________ on Delta Airlines since the company's inception over 80 years ago
A) has always had a negative effect B) has had virtually no effect
C) has always had a positive effect D) has had a large effect
D
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The number of years required for real GDP to double can be found by
A. multiplying the annual growth rate by 72. B. dividing 72 by the annual growth rate. C. adding 72 to annual growth rate. D. dividing the annual growth rate by .072.
A surplus of shoes will cause
a. a decrease in the supply of shoes b. a decrease in the demand for shoes c. both a decrease in the supply of shoes and an increase in the demand for shoes d. a decrease in the price of shoes, through a shift of either the supply curve or the demand curve e. a decrease in the price of shoes
A firm chooses vertical integration to reduce all of the following costs, EXCEPT:
a. the cost of investing in diversified assets. b. the cost of finding a trading partner. c. the cost of devising and enforcing an agreement. d. the cost of evaluating the other party's performance.
During a war, a government will often draft people, most of whom are presently employed, into the army. An economist, computing the real cost of the war, would be sure to include which of the following items?
A. The value of the civilian goods no longer produced by the new soldiers B. The cost of feeding and clothing the new soldiers C. The dollar cost of the payroll D. The higher prices of civilian goods due to wartime shortages E. The cost of transporting the soldiers to combat