If Lake Boats charges an annual membership fee of $1,200 for the use of a boating slip (a place to store a boat) and charges a $50 fee each time a member docks their boat, this is an example of ________.
A) two-part pricing
B) an all-or-nothing offer
C) a single pricing scheme
D) commodity bundling
A) two-part pricing
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Refer to Figure 3-4. If the current market price is $25, the market will achieve equilibrium by
A) a price increase, increasing the quantity supplied and decreasing the quantity demanded. B) a price decrease, decreasing the supply and increasing the demand. C) a price increase, increasing the supply and decreasing the demand. D) a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
If the Federal Reserve unexpectedly decides to sell bonds, which of the following will most likely happen in the short run?
a. The demand for loanable funds will increase, which will exert upward pressure on the interest rate. b. The supply of loanable funds will decrease, which will exert upward pressure on the interest rate. c. The supply of loanable funds will increase, which will exert downward pressure on the interest rate. d. The natural rate of unemployment will increase.
A A country has 50 million people, 30 million of whom are adults. Of the adults, 5 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 5 million are still looking for work. Of those who do have jobs, 5 million are working part time but would like to work full time, and the remaining 10 million are working full time. What is this country's labor force participation rate?country has 50 million people, 30 million of whom are adults. Of the adults, 5 million are not interested in working, another 5 million are interested in working but have given up looking for work, and 5 million are still looking for work. Of those who do have jobs, 5 million are working part time but would like to work full time, and the remaining 10
million are working full time. What is this country's unemployment rate? What will be an ideal response?
A definition of the gross domestic product (GDP) is:
A. personal consumption expenditures, gross private domestic investment, and net exports. B. the market value of all intermediate goods and services produced by the economy in one year. C. the sum of wage and salary compensation of employees, interest income, and rental income. D. the market value of final goods and services produced by the economy in one year.