(Consider This) A primary advantage of Uber to government-regulated taxis is that
What will be an ideal response?
Uber's dynamic pricing avoids the inefficiencies caused by regulated taxi fares.
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Which of the following statements is true?
A) Economic growth is the direct cause of declining poverty. B) Growth in unemployment is the direct cause of declining poverty. C) There are some countries where growth and poverty have both increased. D) Economic growth is the direct cause of declining inequality.
Refer to the figure above. The increase in output due to the same one-unit increase in capital is greatest at point ________
A) A B) B C) C D) D
In the United States during the late 1970s, the nominal interest rates were quite high, but the real interest rates were negative. From the Fisher equation, we can conclude that expected inflation in the United States during this period was
A) irrelevant. B) low. C) negative. D) high.
Refer to the accompanying figure. What is the equilibrium quantity of bananas in this market?
A. 3 pounds/day B. 0 pounds/day C. 5 pounds/day D. 4 pounds/day