One way for governments to try and minimize the effects of structural unemployment is to:
A. subsidize retraining programs.
B. increase unemployment benefits.
C. mandate employers cannot fire anyone.
D. All of these are ways that would minimize the effects of structural unemployment.
A. subsidize retraining programs.
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Which of the following is a reason why airline yield management is an effective method to increase revenue?
A) because airlines have successfully induced customers to reveal their resources and preferences by offering them different versions of the product such as business class and coach plane tickets B) because airlines have a monopoly in long-distance carriage C) because a ticket is a contract to transport a specific person, and is not transferable D) because airlines have invested heavily in developing computer models that identify optimal pricing strategies in the various market segments
Which of the following best describes the "interest rate effect"?
A) An increase in the price level lowers the interest rate and chokes off investment and consumption spending. B) An increase in the price level lowers the interest rate and chokes off government spending. C) An increase in the price level raises the interest rate and chokes off government spending. D) An increase in the price level raises the interest rate and chokes off investment and consumption spending.
Firms try to capture consumer surplus by
A) repeat Nash equilibrium games. B) finding markets with many competitors. C) exploiting suppliers. D) personalized pricing.
One of the most crucial ideas in macroeconomics is understanding that:
A. measuring total expenditures or total income both equal total production of an economy. B. GNP is the most commonly used measurement of total production. C. prolonging economic downturns can be prolonged by fiscal policy. D. zero unemployment is the best way to achieve economic growth.