The quantity of money demanded is positively related to the interest rate
Indicate whether the statement is true or false
FALSE
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Big Pools is large swimming complex. Suppose senior citizens have a demand for entrance into Big Pools that is less than half of the adults demand for entrance and there are an equal number of senior citizens and adults. If Big Pools practices two-part pricing, to earn greater profit, Big Pools ________ adjust the membership fee to include ________.
A) should not; adults B) should; all consumers C) should; senior citizens D) should not; senior citizens
A new toll of $0.50 per car is in place on a bridge, and 1,000 cars have used the bridge. Total tax revenues would be:
A. $500. B. $2,000. C. $1,000. D. $5,000
If a business owner uses a warehouse he owns to store his inventory, then his total costs will be less than if he rented warehouse space from someone else.
Answer the following statement true (T) or false (F)
Some contend that the outcome of any free market is ultimately inequitable because
A. periods of unemployment and inflation still occur. B. public goods will be underprovided by the government. C. some people become rich while others remain very poor. D. firms are not forced to take external costs into account.