The recent increase in popularity of professional basketball has resulted in
a. a decrease in the price of tickets to basketball games
b. an increase in the price of professional basketball tickets
c. increased competition among pro basketball teams
d. a rise in the price of college basketball tickets
e. the bankruptcy of some pro basketball teams
B
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U.S. tariffs on Canadian lumber have led to ________ production of lumber within the United States
A) the elimination of B) making illegal the C) an increase in D) a decrease in E) no change in
The above table gives techniques Jitters Coffee Company can use to package 5,000 pounds of coffee
If the cost of capital is $50 per unit and the cost of labor is $100 per unit, the economically efficient technique for packaging 5000 pounds of coffee is A) A. B) B. C) C. D) D.
Compared to the US, the unemployment rate in Europe was ________ throughout the 1960s and 1970s and ________ after 1980
A) higher; lower B) lower; higher C) lower; remained lower D) higher, remained higher
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential