”Peak” pricing can best be defined as
A. setting higher prices to reflect higher demand.
B. pricing to obtain maximum profit.
C. setting price higher when demand is more elastic.
D. raising price to determine elasticity.
Answer: A
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All of the following are types of finance companies EXCEPT
A) government finance. B) consumer finance. C) sales finance. D) business finance.
If the MPC is 0.80, and if the goal is to increase real GDP by $200 million, then by how much would government spending have to change to generate this increase in real GDP?
a. $240 million. b. $200 million. c. $180 million. d. $40 million.
Which of the following best describes the relationship between investment and economic growth?
a. Any investment will have a positive impact on economic growth. b. Economic growth depends on the type and quality of investment. c. Countries with significant levels of foreign investment have higher levels of economic growth. d. Investment in human capital is the primary means of boosting for economic growth.
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.