If Synergy Energy Corp. hires attorneys to keep it informed about new regulations, their salaries represent
A. Compliance costs.
B. Capital costs.
C. Efficiency costs.
D. Administrative costs.
Answer: A
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A home appliances supplier offers substantial discounts to customers if they buy several of the firm's products. When bought together, these items cost considerably less than the sum of the prices of the items if they were bought separately. Which pricing arrangement is being discussed here?
a. Price dealing b. Tacit collusion c. Bundling d. Skimming
Jimmer's nominal income will go up by 10 percent next year. Inflation is expected to be - 2 percent next year. By approximately how much will Jimmer's real income change next year?
What will be an ideal response?
Which of the following demonstrates marginal thinking? a. Deciding to never eat meat
b. Deciding to spend one more hour studying economics tonight because you think the improvement on your next text will be large enough to make it worthwhile to you. c. Deciding to go to a Sociology class that you usually skip because there is a guest lecturer you are really interested in hearing that day. d. Both b. and c. demonstrate marginal thinking.
The transmission mechanism in an economy alters: a. nominal gross domestic product through changes in the interest rate. b. real gross domestic product through changes in the interest rate
c. real gross domestic product through changes in the price level. d. nominal gross domestic product through changes in the price level.