Which of the following is least likely to be an example of peak/off-peak pricing?
A. Breakfast cereals
B. Hotels
C. Toll roads
D. Electricity
Answer: A
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The application of economic analysis to human resources issues is called
A) labor economics. B) human economics. C) personnel economics. D) resource economics.
Isoquants reflect the fact that in the long run:
a. inputs can be substituted for each other. b. a fixed set of inputs can produce different levels of output. c. inputs used in production are complementary in nature. d. different levels of input can be used to satisfy a budget constraint.
If the dollars per peso exchange rate fell,
a. few firms would want to relocate to Mexico b. the demand for pesos would fall c. more Americans would travel to Mexico d. Americans would buy fewer Mexican goods e. the demand for pesos curve would shift inward
If deficit spending does not contribute to public investment and crowds out private investment, then
A. Future productive capacity will be enhanced. B. The current generation will bear the total burden of the debt. C. The opportunity cost of the debt will be minimized. D. The rate of economic growth will decline, ceteris paribus.