________ is the movement of people from one country to another country in which they plan to reside for some noticeable period of time.
A. International migration
B. Denationalization
C. Internal migration
D. International transfer
Answer: A
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Suppose the short-run price elasticity of demand for airline travel is 0.50, while its long- run elasticity is 2.50 . This means that for 100 short-notice travelers compared to 100 travelers who book well in advance, a significant increase in airline fares now will cause airlines to
a. collect less revenue from the short-notice travelers than from the travelers who book well in advance b. gain travelers who book well in advance but lose short-notice travelers c. lose more revenue from short-notice travelers than from travelers who book well in advance d. collect less revenue from the travelers who book well in advance than from the short-notice travelers e. lose more short-notice travelers than travelers who book well in advance
Kuan-yin is using anchoring to try to improve sales at her doughnut shop. Which of the following advertisements uses anchoring in an effective way?
a. “Cake doughnuts are $3 each, or buy two for $5.” b. “Mix and match Long Johns and crullers, all for $2 each.” c. “Cronuts are just $4—the only ones you’ll find in town!” d. “Nobody sells glazed doughnuts for less. Just $1.50!”
The fact that there are fewer and fewer potential investments that will generate returns high enough to make the cost of paying back a loan worthwhile is reflected in the:
A. downward-slope of the demand curve in the market for loanable funds. B. upward-slope of the demand curve in the market for loanable funds. C. downward-slope of the supply curve in the market for loanable funds. D. upward-slope of the supply curve in the market for loanable funds.
When an economy's production capacity is expanding:
A. nominal GDP, but not necessarily real GDP, is rising. B. net exports is always a positive amount. C. DI exceeds PI. D. gross domestic investment exceeds depreciation.