Which of the following is an example of the "damaged goods" strategy
a. A doll company selling dolls at cost but charging high margins on doll accessories
b. A cell phone company offers free locked in phones but charges high prices per call
c. A catering company pays its chefs higher wages to make sure that the bargain meals are just slightly burnt
d. None of the Above
c
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An increase in the money wage rate leads to
A) a rightward shift of the aggregate supply curve. B) a downward movement along the aggregate supply curve. C) an upward movement along the aggregate supply curve. D) a leftward shift of the aggregate demand curve. E) a leftward shift of the aggregate supply curve.
If the percentage change in quantity demanded is less than the percentage change in price, we would say that over this range, demand is:
A) elastic. B) unit elastic. C) inelastic. D) perfectly elastic.
Of the three primary tax sources of revenue for the U.S. federal government, which of the following has decreased the most as a percentage of GDP since 1962?
A) corporate income taxes B) social insurance taxes C) sales and excise taxes D) individual income taxes
Deposit insurance can lead to ________
A) an increase in adverse selection B) a decrease in bank costs C) a decrease in bank lending rates D) an increase in risks banks take on