Many economists believe that restrictions against ticket scalping result in each of the following except
a. a smaller audience for cultural and sporting events.
b. shorter lines at cultural and sporting events.
c. less tax revenue for the state.
d. an increase in ticket prices.
b
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A tariff on a good _________ its price.
Fill in the blank(s) with the appropriate word(s).
Import-competing industries in the United States are likely to resist
A. Depreciation of the dollar. B. Devaluation of the dollar. C. Evaluation of the dollar. D. Appreciation of the dollar.
About ______ percent of the workforce in the United States is employed in the service sector.
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases B. remains constant. C. initially increases, then decreases. D. decreases.