The more restrictions an airline puts on tickets, the ______.
a. more expensive they are
b. cheaper they are
c. more competition there is for them
d. easier it is to sell them
b. cheaper they are
You might also like to view...
Which of the following equations is true in an open economy?
A) Net exports = -Financial account balance. B) National saving = net capital flows. C) Net exports = net foreign investment. D) Private saving = net foreign investment + domestic investment.
Which of the following holds true at the chosen level of output in the long run for firms in a perfectly competitive market?
A. P > MC B. P = minimum AVC C. MR = MC D. MR > MC
Investment will increase if business taxes ____, real interest rates ____, or if business confidence ____
a. increase, increases, increases b. decrease, decrease, decreases c. increase, increases, decreases d. decrease, decrease, increases
Thomas Malthus argued that population grows geometrically and the food supply grows arithmetically
a. True b. False