John Maynard Keynes developed his economic theories in the
A. 1900s.
B. 1890s.
C. 1930s.
D. 2000s.
Answer: C
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The managers of Movies Plus, a large movie theater, want to practice third-degree price discrimination. The managers have learned that college students have an own price elasticity of demand of 1.75 for tickets at Movies Plus and adults have an own price elasticity of 1.25. If the managers have correctly determined the third-degree profit-maximizing price for adults is $20, what is the
third-degree profit-maximizing price to charge students? A) $12.50 B) $9.33 C) $15.67 D) $18.25
Charles Murray believed that the antipoverty programs of the 1960s and 1970s
A. drastically reduced the level of poverty. B. slightly reduced the level of poverty. C. had no impact on the level of poverty. D. caused more poverty.
A summary record of a country's international economic transactions in a given time period is the
A. Balance of payments. B. Exchange rate balance. C. Capital account. D. Current account.
The profit-maximizing firm will operate at an output of
A. 0J.
B. 0K.
C. 0L.
D. 0M.