Based on the graphs showing price discrimination in movie ticket prices, if the theatre charges $9 per ticket at the evening show, ______.
a. it will maximize profits
b. MR will be greater than MC
c. MR will be less than MC
d. it will sell too few tickets
c. MR will be less than MC
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If New Yorkers decrease their purchases of French champagne, assuming all else remains constant, this will ________ of the United States
A) increase the trade deficit B) decrease the current account balance C) increase the balance of trade D) decrease net exports E) increase the balance of payments
During the 1990s, the United Kingdom experienced low levels of inflation while Turkey experienced high levels of inflation. A likely explanation of these facts is that
a. the United Kingdom has a better education system than Turkey. b. the rate of growth of the quantity of money was slower in the United Kingdom than in Turkey. c. workers in Turkey are more productive than workers in the United Kingdom. d. there are more instances of market power in Turkey than in the United Kingdom.
Which of the following policies is not an example of a command-and-control policy?
a. subsidies b. Pigovian taxes c. tradable pollution permits d. None of the above is an example of a command-and-control policy.
The slowing rate of population growth in the US after 2000 (from 1.8% per year to 0.9% per year)
A. was a significant reason behind the slowing of economic growth during that period. B. should have been a source of growth but wasn't. C. was entirely countered by an opposite trend in immigration so growth, was nearly zero. D. was more than countered by an opposite trend in immigration so growth, was robust.