Which of the following is not a transfer payment?
a. a $100 check from your parents to you
b. a birthday present from your roommate
c. your grandmother's monthly Social Security check
d. your uncle's unemployment insurance check
e. the interest payments on the savings bond your dad bought last month
B
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By making most of its employees owners of the company, United Airlines attempted to
A) cope with the unlimited liability problem. B) change its business organization from a corporation to a partnership. C) address the principal-agent problem between the workers and managers. D) increase the role of the command system in managing the firm.
The price elasticity of demand for gasoline is estimated to be -0.2. Two million gallons are sold daily at a price of $3. Use this information to calculate a demand curve for gasoline assuming it is linear
What will be an ideal response?
If the aggregate supply curve is upward sloping, then an increase in autonomous consumption leads to a(n)
A) increase in aggregate demand and a rise in the price level. B) decrease in aggregate demand and a rise in the price level. C) decrease in aggregate demand and a fall in the price level. D) no change in aggregate demand and no change in the price level.
In the early decades of the 18th century, English goods sold for as much as 80 to 140 percent more in the colonies than in England primarily due to:
a. high tariffs on English goods imported to the colonies. b. a limited supply of English goods available for shipment to the colonies. c. high transportation costs for goods shipped from England to the colonies. d. legally established price floors on English goods sold in the colonies.