Using prices to promote efficiency in the utilization of bridges,
a. higher prices should be charged for the use of the most crowded bridges.
b. lower prices should be charged for the use of the uncrowded bridges.
c. traffic would be equalized among the bridges where space is a scarce resource.
d. All of the above are correct.
d
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Because Corning produces durable goods, the demand for their goods
A) declines when incomes in the economy are rising. B) is likely to increase during recession. C) is consistently high, regardless of the state of the economy. D) tends to follow the business cycle.
Interest rate fluctuations
A) are usually not considered to be of much importance and are largely ignored by the Fed. B) have the paradoxical effect of increasing the rate of economic growth. C) make it difficult for households and firms to plan for the future. D) have largely been eliminated by the Fed during the past two decades.
A local playground equipment company plans to operate out of its current factory, which is estimated to last 30 years. All cost decisions it makes during the 30-year period
a. are long-run decisions. b. are short-run decisions. c. involve only maintenance of the factory. d. are zero because the cost decisions were made at the beginning of the business.
Based on the information in the table, how many people are out of the labor force? Population 16 and older1,000,000Participation Rate80%Employed Workers720,000
A. 280,000 B. 144,000 C. 576,000 D. 200,000