In the past dating was a fairly simple activity in the United States. If there was someone you wanted to go out with you would call them or ask them to go out for dinner and a movie
Nowadays it appears that many people are willing to pay large amounts of money to professional dating services to find a compatible mate. This idea is not a new one but it has increased quite dramatically in popularity. What does this suggest about what kind of good dating services might be and why? Are we likely to find this type of service be more or less prevalent in poorer countries?
The country has become much richer over the past few decades and even though people want to date just as much today as they always have, the fact that they have more disposable income that they can use to pay someone else to find them a date probably means that dating services are a normal good. As a consequence this is likely to be a less prevalent practice in poorer countries where there are lower incomes and a decreased ability and willingness to pay.
You might also like to view...
According to the Cost-Benefit Principle, you should go see the latest Star Wars movie with your friends this week-end if:
A. the benefits of seeing the movie are greater than the costs of seeing the movie. B. you have a free ticket. C. you can afford to go to the movies. D. you really like Star Wars.
From a purely economic point of view, discrimination exists when
a. black teenagers earn more than white teenagers. b. all factors are earning average products. c. women earn less than men. d. equivalent factors earn different payments for equal contributions to output.
In the long run, the output is determined by
A. demand-C,I,G,NX B. available factors of production - capital, labor, etc. C. interest rates D. quantity of money
“Monopoly has developed in both product and resource markets because of the shortcomings and inefficiencies of competitive markets.” Do you agree? Explain
What will be an ideal response?