A country seeking to increase tourism will probably increase the production of
a. tractors
b. hotels
c. nuclear weapons
d. artificial bologna
Ans: b. hotels
You might also like to view...
To calculate the slope of a line, find the vertical distance between two points and divide it by the horizontal distance between the same two points.
Answer the following statement true (T) or false (F)
Why is antitrust legislation necessary?
A. Monopolies tend to misallocate resources. B. Monopolies will always make a profit in the long run. C. Monopolies tend to allocate resources in a socially optimal manner. D. All monopolies are unlawful in the United States.
When Feeding America changed its food allocation system to one that resembled a market, each food program was given a number of "shares" that they could use in bidding against other food programs for the types of food that best met the needs of the
people using their programs. Using these "shares" helped answer which of the following fundamental economic questions? A) What goods and services will be produced? B) How will the goods and services be produced? C) Who will receive the goods and services produced? D) When will the goods and services be produced?
For a given rate of interest, the total interest you receive from lending money
A) increases with the frequency of compounding. B) decreases with the frequency of compounding. C) is independent of the frequency of compounding. D) is greatest when there is no compounding.