Initial studies of new Keynesian inflation dynamics indicated that the average price-adjustment intervals in the United States was as long as
A) 6 months.
B) 12 months.
C) 2 years.
D) 4 years.
C
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The managers of Movies Plus, a large movie theater, want to practice third-degree price discrimination. The managers have learned that college students have an own price elasticity of demand of 1.75 for tickets at Movies Plus and adults have an own price elasticity of 1.25. If the managers have correctly determined the third-degree profit-maximizing price for adults is $20, what is the
third-degree profit-maximizing price to charge students? A) $12.50 B) $9.33 C) $15.67 D) $18.25
Suppose the civilian non-institutional population equals 100,000 persons; the civilian labor force equals 75,000 persons; there are 70,000 employed persons and 5,000 unemployed persons. If 5,000 persons who are currently "not in the labor force" decide to join the civilian labor force, and 3,000 of them are unemployed, then
A) both the unemployment and the employment rate rise. B) both the unemployment and the employment rate fall. C) the unemployment rate rises and the employment rate falls. D) the unemployment rate falls and the employment rate rises.
Which of the following service industries is likely to have the highest barriers to entry due to start-up costs?
a. home improvements b. after-school tutoring c. commercial spaceflight d. income tax preparation
The question "What is the best tax base?" is a normative question.
Answer the following statement true (T) or false (F)