If somebody posing as a vacationer were able to purchase large numbers of airline tickets from the airlines and later resell them to business travelers,
A) group price discrimination on the part of airlines would no longer be profitable.
B) group price discrimination on the part of airlines would no longer be profit maximizing.
C) the airlines would respond by raising further the price charged to business flyers.
D) this person would not earn any economic profit.
B
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How might fiscal policy be used to correct a recessionary gap?
A) Government spending would be adjusted to increase aggregate demand. B) Business operations would be regulated by the government to become more efficient. C) The exchange rate would be adjusted to discourage imports. D) The exchange rate would be adjusted to encourage imports.
Refer to the table shown that depicts a third-party payer market. What is the cost of this program to the third-party if a $1 co-pay is established?PriceQuantity DemandedQuantity Supplied$01,2000$1600150$2300300$30450$40600$50750$60900$701,050
A. $2,400 B. $0 C. $600 D. $1,800
Is the claim that environmental standards reduce industrial competitiveness valid?
A) Yes, because environmental standards raise costs to businesses. B) No, because consumers will want to buy from firms that pollute less. C) No, because environmental standards have little effect in high-income countries. D) Yes, because environmental standards will cause the imposition of WTO sanctions.
All of the following unambiguously contribute to economic growth EXCEPT
A. increase in government spending. B. increase in human capital. C. increase in labor productivity. D. increase in technology.