During the severe 2007-2009 recession, Delta Airlines sold ________ passenger tickets and ________ the prices of the tickets it did sell. The result was a $1.2 billion loss in 2009
A) fewer; raise B) more; raise C) more; cut D) fewer; cut
D
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When the policy rate hits its lower bound and inflation keeps falling, this portion of the Monetary Policy curve is
A) downward sloping. B) upward sloping. C) flat. D) undetermined.
A pollution compensation tax is chosen to
a. keep output stable while reducing pollution b. increase output in a cleaner manner c. make all users pay the same amount of tax d. drive the polluting firms out of business in the long run e. create enough government revenue to clean up the environment
The national defense argument has been used in the past to justify trade restrictions by firms in the peanut industry and the pottery industry
Indicate whether the statement is true or false
New growth theorists conclude that
A. the amount of technological innovation in an economy is independent of the rewards offered for innovation. B. rates of global economic growth are limited by the amount of raw materials available. C. invention is more important than innovation in spurring economic growth. D. economic growth can continue as long as we keep coming up with new ideas.