After paying admission and entering King's Island Amusement Park near Cincinnati, Alan Fujiwara sees a list of waiting times for each attraction and ride. At this point, Alan's marginal dollar cost is
a. zero and so are the marginal time costs of each attraction or ride
b. zero, so he will base his next move on the marginal time costs of each attraction or ride
c. greater than zero based on the admission price, so he will base his next move on the marginal time costs of each attraction or ride
d. greater than zero based on the admission price, so he will ignore the marginal time costs of each attraction or ride
e. less than zero and so are the marginal time costs of each attraction or ride
B
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The fraction of people who would like to be employed, but can't find work is called the:
A. average labor productivity rate. B. Participation rate C. inflation rate. D. unemployment rate.
Which one of the following will cause velocity to increase?
a. a decrease in interest rates b. increasing the efficiency of the payments system c. switching from weekly to monthly payroll checks d. an increase in the money supply
A quota has all of the following impacts except:
A. generate revenues for government. B. create deadweight loss. C. drive up prices. D. help poorer countries.
In recent years, the Fed has communicated changes in its monetary policy by announcing changes in its policy targets for the:
A. growth of the money supply. B. federal funds rate. C. prime interest rate. D. U.S. dollar-foreign currency exchange rate.