Delta, United, US Airways and JetBlue offer the 24-hour free cancellation; __________ doesn't but lets you hold a reservation for 24 hours without paying.
Fill in the blank(s) with the appropriate word(s).
Ans: American
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Farmers can plant either corn or soybeans in their fields. Which of the following would cause the supply of soybeans to increase?
A) an increase in the price of soybeans B) an increase in the demand for corn C) a decrease in the price of corn D) an increase in the price of soybean seeds
Anya has decided to start her own hair-styling salon. To purchase the necessary equipment, Anya withdrew $10,000 from her savings account, which was earning 3% interest, and borrowed an additional $5,000 from the bank at an interest rate of 8%. What is Anya's annual opportunity cost of the financial capital that has been invested in the business?
a. $300 b. $400 c. $700 d. $1,650
Figure 21-5 (a) (b) Refer to Figure 21-5. In graph (b), what is the price of good Y relative to the price of good X (i.e., PY/PX)?
a. 3 b. 1 c. 10 d. 1/3
To an economist, the term "inflation" refers to:
A. a one-time change in the average price level. B. a continually rising price level. C. any price increases. D. increases in prices of important goods like food and energy.