McDonald's partnership with Beijing's Department of Agriculture provided:
A) McDonald's with subsidies , suppliers, and distributional channels.
B) McDonald's with just subsidies.
C) McDonald's with just distributional channels.
D) all of the above.
A
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A major principle of economics is that people respond to incentives
Indicate whether the statement is true or false
Who still has to economize?
A) The senior citizen who receives a 10% discount at the local coffee shop B) The day-after-Christmas shopper who enjoys sales of up to 70% on holiday merchandise C) Bill Gates D) All of the above. E) None of the above.
Consumer's surplus can be written as
a. total expenditure ? total utility. b. total utility ? total expenditure. c. marginal utility ? marginal expenditure. d. marginal expenditure ? marginal utility.
As prices in Zimbabwe began to rise:
A. Mugabe was able to pay bribes with the new money and then started the process of reducing inflation. B. people immediately lost faith in the Zimbabwean dollar, causing its value to plummet to zero. C. people updated their inflation expectations so that future increases in the money supply were impossible. D. the government had to print even more money to continue to buy just as many goods as it did before.