Which of the following would likely cause aggregate demand to shift to the right?
A. Consumer confidence regarding future income increases
B. A tax credit for small businesses is issued
C. The government builds new highways
D. All of these are likely to cause aggregate demand to shift to the right.
D. All of these are likely to cause aggregate demand to shift to the right.
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Until the early 1980s, The Walt Disney Company used a pricing strategy in which visitors to its theme parks paid a low admission fee and also paid for rides. This pricing strategy is an example of
A) a two-part tariff. B) perfect price discrimination. C) cost-plus pricing. D) monopoly pricing.
When an economy is operating with maximum efficiency, the production of more of commodity A will entail the production of less of commodity B because
a. resources are specialized and are not shiftable. b. resources are limited. c. the structure of demand is fixed at any point in time. d. material wants are insatiable.
In the United States, the minimum wage is defined as
A. the lowest hourly wage rate a firm may legally pay its workers, as legislated by the U.S. government. B. the wage that the youngest job entrant into the job market makes. C. the wage ceiling above which a firm no longer must pay its employees additional benefits. D. the lowest wage that a corporation should pay a worker if the corporation wants to ensure that its employees are well trained.
Total factor productivity is
A) the quantity of output per worker. B) the quantity of output per unit of capital. C) the ratio of inputs divided by outputs. D) the quantity of output per unit of input.