Which of the following is a likely result of the deregulation of the airline industry that might benefit consumers?
a. a wage increase for union pilots
b. a possible decline in airline safety
c. one firm's emerging as an unregulated monopoly
d. loss of service to unprofitable routes
e. a decrease in air fares
E
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James used $200,000 from his savings account that paid an annual interest of 10% to purchase a hardware store. After one year, James sold the business for 300,000 . His economic profit is:
a. $300,000 b. $100,000 c. $80,000 d. $20,000
Policies that make it more difficult to fire an employee are likely to:
A. lead to greater unemployment. B. lead to less unemployment. C. have no impact on unemployment. D. affect frictionally unemployed workers more than other unemployed workers.
Most of the Fed's assets are held in the form of loans to its member banks
a. True b. False Indicate whether the statement is true or false
Consider a market for coffee that is initially in equilibrium. If tea harvest is bad in a particular year, then identify the most likely impact on the equilibrium price and quantity of coffee.
a. ?The price of coffee will decrease while the quantity of coffee will increase. b. ?There will be no impact on the equilibrium price and quantity of coffee. c. ?The price of coffee will increase, while the quantity of coffee will decrease. d. ?Both the price and the quantity of coffee will increase. e. ?Both the price and the quantity of coffee will decrease