Who was one of the first proponents of employing market economies instead of command economies?
a. Robert Heilbroner. b. Karl Marx.
c. Jeffrey Sachs. d. Adam Smith.
d
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Rolls Royce may actually sell fewer cars at lower prices due to the "snob effect."
a. True b. False Indicate whether the statement is true or false
According to 2014 data on the U.S. population, which of the following groups of adults of prime working age (ages 25-54) had the lowest unemployment rate?
a. white males b. white females c. black males d. black females
Airlines charge business travelers more than leisure travelers because there is a more:
A. Elastic supply of business travel B. Inelastic supply of business travel C. Elastic demand for business travel D. Inelastic demand for business travel
Businesses hold substantial balances in demand deposits for all of the following reasons EXCEPT:
A) they cannot hold NOW accounts B) the existence of low transaction costs C) to maintain liquidity D) relatively high interest rates