The last time gas prices increased drastically, sales of large Sport Utility Vehicles (SUVs) fell. Why?
A. Higher gas prices lowered the benefit of driving an SUV.
B. Higher gas prices increased the cost of driving a SUV.
C. Higher gas prices lowered the cost of driving a SUV.
D. Higher gas prices increased the benefit of driving an SUV.
Answer: B
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Your textbook discusses "dry" counties in the U.S. What is a dry county?
A) A county where rainfall is below the national average B) A county that experiences no rainfall C) A county in which it is illegal to produce, purchase and sell alcohol D) A county in which only dry gin is consumed
A decrease in the reserve ratio will
A) cause the money supply to decrease. B) cause the money supply to increase. C) not affect the money supply. D) decrease the money multiplier.
It is a known fact that the same multinational company may pay lower wages to its workers in a developing country than to those in an industrialized country. Why is this not considered an evidence of worker exploitation?
a. Rich people deserve higher pay. b. The workers in developing countries have lower consumption levels than those in developed countries, thus they get lower wages. c. Local wages in developing countries are generally lower than in industrialized countries, with or without globalization. d. Workers in developing countries have higher benefits, making the overall wages about the same in both kinds of countries. e. Most workers in developing countries are comparatively younger, and they get lower wages because of their lack of experience.
If we were at point ____ it would be possible to produce more heart transplants and more round-the-world trips.
A. P
B. Q
C. R
D. S