Let C = 550 + 0.8y and I = 75. Assume no government or foreign sectors. If investment increases by 100, the equilibrium output increases by a total of
A) 60. B) 175. C) 500. D) 800.
C
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The above figure shows the payoff to two airlines, A and B, of serving a particular route
If the two airlines must decide simultaneously, and the government imposes a $20 per firm tax on firms that service this route, which of the following maximizes the firms' joint profits? A) Neither firm services the route. B) Firm A offers firm B $20 to not enter. C) Both firms will service this route. D) Firm B offers firm A $30 to not enter.
The $1.90 (PPP) per day line was chosen by averaging the national poverty lines of 15 poor countries to represent:
A. chronic poverty by some globally comparable standard. B. absolute poverty by some globally comparable standard. C. transient poverty by some globally comparable standard. D. relative poverty by some globally comparable standard.
An economic boom in the United States will tend to cause booms in other countries because as U.S. GDP rises, U.S
a. tariffs will automatically fall. b. exports will rise. c. imports will rise. d. exports will fall.
The airline industry is an example of a(n) ________ industry.
A. monopolistic B. perfectly competitive C. oligopolistic D. monopolistically competitive