According to the Phillips curve diagram, if a central bank disinflates what ultimately happens to the unemployment rate?
It returns to its original level.
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Ebay's use of "bidding agents" will
a. effectively turn an English auction into a Vickery auction b. effectively turn a Vickery auction into an English auction c. decide how much to shade your bid for you d. make you a more aggressive bidder
Which of the following provide the best evidence of specialization?
a. a firm that produces a line of related products, such as eight kinds of breakfast cereal b. an architect who is willing to practice in only one geographic area c. a physician that practices in a specialty area such as cardiology or orthopedic surgery d. a family that eats at Wendy's every Thursday night e. a retailer that sells goods but provides no services
The possible returns to a shareholder are:
a. rent and wages. b. fixed interest and dividend. c. fixed interest and a depreciation in the price of the stock. d. rent and fixed interest. e. dividend and an appreciation in the price of the stock.
Explain why an airline may decide to sell an air ticket to a stand-by passenger at less than the full-fare if there are empty seats on the airplane?