Airlines charge a ____________price to business travelers compared to leisure travelers because business travelers have a ____________ demand than leisure travelers
a. Higher; more elastic
b. Higher; less elastic
c. Lower; more elastic
d. Lower; less elastic
b
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Which of the following is a part of the potential work force of a country?
A) People on active duty in the military. B) Institutionalized people C) Civilian non-institutionalized people aged 16 years and above D) Children aged 15 and lower
Refer to Figure 8A.2. If the economy were saving at the rate s1
A) saving would equal depreciation at e1. B) the economy would grow until it reached e2. C) capital stock would increase until the economy reached K2. D) all of the above.
If an economy produces 3,000 units of output with a price level of $2 and with a velocity of money of 12, we know that the money supply must be: A. $1,000. B. $500. C. $2,000. D. $4,000.
A. $1,000. B. $500. C. $2,000. D. $4,000.
A country will roughly double its GDP in twenty years if its annual growth rate is:
a. 2.5 percent. b. 3.5 percent. c. 7.5 percent. d. 12 percent.