In 2010 the family mean income of householders aged 15-24 years was approximately
A) $11,000.
B) $21,000.
C) $31,000.
D) $41,000.
E) $51,000.
D
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How does an increase in competition in an industry usually affect productivity?
What will be an ideal response?
The Soup Nut serves his signature minestrone soup in two different bowl sizes, large and small. What strategy should he use to extract the most surplus possible out of customers who come in two types, regular and big eaters, when he cannot distinguish between the two types by observation? a. Distort the size of the small bowl downward to make it less attractive to the big eaters, allowing him to
raise the price of the large bowl. b. Distort the size of the large bowl downward to make it attractive to both big and regular eaters. c. Distort the size of the small bowl upward to make it harder for regular eaters to separate themselves from big eaters. d. Distort the size of the large bowl upward to make big eaters less likely to consume the small bowl.
Figure 36-6
?
In Figure 36-6, an expansive fiscal policy in a closed economy results in an equilibrium at point E. In an open economy, allowing for the effects of the induced change in the currency value, the final equilibrium would be point
A. B. B. F. C. J. D. H.
Refer to Figure 24-2. Ceteris paribus, an increase in the capital stock would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.