Keeping landing fees low at airports during the "peak" hours
a. perpetuates congestion during those hours.
b. is politically unpopular.
c. contributes to efficient allocation of airport facilities.
d. would lessen the problem of delayed flight landings.
a
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A bank has $200 of reserves and $4,000 of deposits. It is just meeting its desired reserves and has no excess reserves. Thus the desired reserve ratio is
A) 25 percent. B) 10 percent. C) 5 percent. D) $200. E) 20 percent.
Citizens of the country of Heehaw produce hay and provide entertainment services (banjo playing). In one year they produced $15 million worth of hay, with $11 million consumed domestically and the other $4 million sold to neighboring countries
They provided $7 million worth of banjo-playing services, $5 million in Heehaw, and $2 million in neighboring countries. They purchased $6 million worth of soda pop from neighboring countries. Calculate the magnitudes of GNP, GDP, net factor payments from abroad, net exports, and the current account balance.
Over the past two decades, the rate of growth of public education spending has been
a. considerably higher than the rate of growth of GDP b. slightly higher than the rate of growth of GDP c. the same as the rate of growth of GDP d. considerably lower than the rate of growth of GDP e. slightly lower than the rate of growth of GDP
When a few rival groups spend money in competition for a license that grants them a monopoly for the provision of cable TV for an area, economists label this activity
a. perfect competition. b. oligopoly. c. monopolistic competition. d. rent seeking.