Why would large department stores such as Home Depot rather face shortages than increase the prices of basic food and repair items in cases of natural disasters such as Hurricanes?

a. They do not want to increase sales
b. They are maximizing sales
c. They do not want to be viewed as unfair
d. All of the above


c

Economics

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Discuss how remittances can help reduce poverty and meet other development objectives in recipient nations?

What will be an ideal response?

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Full employment is defined by all economists as precisely 5 percent of the labor force

a. True b. False Indicate whether the statement is true or false

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Which of the following would shift the long-run Phillips curve to the right?

a. expansionary fiscal policy b. an increase in the inflation rate c. increases in unemployment compensation d. None of the above is correct.

Economics

Exhibit 6-7 Marginal utility for sandwiches and sodas Quantity Sandwiches Sodas 1 10 5 2   8 4 3   6 3 4   3 1 5 ?1 0 Refer to Exhibit 6-7. Diminishing marginal utility for sandwiches sets in after the ____ sandwich.

A. first B. second C. third D. fourth

Economics