Which of the following is NOT a determinant of demand?
A) consumers' incomes
B) prices of other goods
C) consumers' tastes
D) production technology
Answer: D
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If the People's Bank of China adopted a flexible exchange rate policy
A) the U.S. dollar would depreciate. B) the U.S. dollar would appreciate. C) the yuan would depreciate. D) the yuan-U.S. dollar exchange rate would rise.
Based on the example provided by the authors, what is the key factor that explains much of the growing inequality in wages paid to different types of workers in the U.S. since 1980?
A) Changes in the gender composition of the work force B) Changes in the age distribution of the work force C) Differences in computer and data analysis skills D) Changes in the geographic concentration of workers
If arrival and departure delays are frequent early in the morning and late afternoons, but there are no delays during the evening hours, we can conclude that the airport authority
A. charges high landing fees at common departure and arrival times. B. is concerned about the delay times. C. is charging uniform landing fees throughout the day D. should reduce the number of flights during the busy times.
A profit-maximizing firm will employ labor up to the point where MRP = wage
Indicate whether the statement is true or false