SW's ________________ to fly an average 1,000-mile trip were higher than those of US Airways, Frontier, JetBlue, Alaska, Allegiant and Spirit airlines in 2013
Fill in the blank(s) with the appropriate word(s).
Answer: per-seat costs
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Using the Taylor rule, if the current inflation rate equals the target inflation rate and real GDP is less than potential GDP, then the federal funds target rate ________ the sum of the current inflation rate plus the real equilibrium federal funds
rate. A) will be less than B) will be greater than C) will be the same as D) may be greater than or less than
If 80 percent of the population receives 75 percent of the income,
a. the richest quintile receives 20 percent of the income. b. the Lorenz curve is the diagonal. c. income is not perfectly evenly distributed. d. the poorest quintile receives more than 20 percent of income. e. people in the middle quintile have the highest incomes.
Which of the following is an example of a deficiency caused by a regulatory approach to pollution?
a. ignored information provided by market signals b. special interest influence on policies c. lack of accountability by regulators for costs of regulation d. all of the above
Figure 7-6
In the price range between $3 and $4, the price elasticity of the demand curve depicted in is
a.
highly elastic.
b.
approximately equal to -0.33.
c.
approximately equal to -3.
d.
of unitary elasticity.