In the context of terrorism, an example of self-protection would be
A. the airline industry increasing security.
B. an insurance company buying reinsurance from the government.
C. the airline industry buying terrorism insurance.
D. an insurance company buying reinsurance from another insurance company.
Answer: A
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Market power refers to
A) the ability of a firm to sell at a lower price than rival sellers. B) the ability of a firm to advertise its product and succeed in selling more output. C) the ability of a firm to charge a price higher than the marginal cost of production. D) the ability of consumers to dictate what products should be produced.
Refer to Scenario 5.4. What is the standard deviation of the investment?
A) 0 B) 16.58 C) 56.12 D) 90.14 E) none of the above
Economists who believe that the economy has a strong self-correcting mechanism argued that, after September 11, 2001, the economy needed
A. a quick and expansionary fiscal policy stimulus. B. a quick and expansionary monetary policy stimulus. C. only a short time to return to equilibrium full employment. D. President Bush to propose a large budget stimulus package.
All of the following shift the labor demand curve EXCEPT changes in
A. prices of related factors. B. fringe benefits offered to employees. C. the demand for the final product. D. labor productivity.