The special demand structure that induces a firm to use a cross-subsidization strategy is:
A. imperfect substitution among products.
B. independent demand for products.
C. interdependent demand for products.
D. perfect substitution among products.
Answer: C
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Everything else held constant, in the market for reserves, when the federal funds rate is 3%, raising the discount rate from 5% to 6%
A) lowers the federal funds rate. B) raises the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect on the federal funds rate.
If the numbers of employed and unemployed do not change but the size of the civilian population increases by 15%, what would be the effect?
a. no change in the unemployment rate and a decrease in the labor force participation rate b. an increase in the unemployment rate and a decrease in the labor force participation rate c. an increase in the unemployment rate and no change in the labor force participation rate d. an increase in the unemployment rate and an increase in the labor force participation rate
The Kyoto Protocol expired in
a. 2011 b. 2012 c. 2020 d. none of the above
When residents surrounding an airport complain about noise from aircraft landings and takeoffs, the relevant economic analysis is that of
A. externalities. B. equality-efficiency trade-off. C. comparative advantage. D. the cost decrease of the service sector. E. the cost disease of personal services.