A firm that faces a high-demand period followed by a low-demand period must determine all of the following for peak-load pricing except which one?
A) short-term off-peak quantity
B) long-term off-peak price
C) short-term peak quantity
D) short-term peak price
B) long-term off-peak price
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When the real interest rate ________ the equilibrium real interest rate, there is a ________ of loanable funds and the real interest rate ________
A) is less than; shortage; falls B) is less than; surplus; rises C) exceeds; surplus; rises D) exceeds; surplus ; falls E) exceeds; shortage; rises
The greater the elasticity of demand for a final product, we find ________ the demand for the factor inputs
A) the greater will be B) the lower will be C) that it will not impact D) The answer cannot be determined.
Which of the following might increase the supply curve of labor?
a. Elimination of discrimination against blacks. b. Elimination of discrimination against females. c. Easing licensing requirements. d. All of these.
Trade diversion results in
A. no change in the total amount of trade in the world. B. a decrease in the total amount of trade in the world. C. an increase in the total amount of trade in the world. D. either an increase or decrease in the amount of trade in the world, depending on where trade takes place.