Peak load pricing
A. is designed to move consumers up along their demand curve.
B. is usually used when supply is very elastic.
C. is designed to encourage more supply rather than to allocate a fixed supply.
D. is designed to shift the demand curve of consumers to the left.
Answer: A
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All ________ economies have been political dictatorships
A) mixed B) centrally planned C) market D) mixed and market
Suppose Winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. One day, after deciding to be his own boss, he quits his job and uses his financial assets to establish a consulting business, which he runs out of his home. To run the business, he outlays $8,000 in cash to cover all the costs involved with running the business, and earns revenues of $150,000. What are Winston's implicit costs?
A. $60,000 B. $72,000 C. $64,000 D. $4,000
Refer to Figure 14.2. A movement from point d to point a could be caused by a simultaneous ________ and ________.
A. decrease in the money supply; increase in the price of oil B. increase in the money supply; massive crop failure C. decrease in taxes; decrease in the money supply D. decrease in government spending; decrease in the price of oil
If the dollar depreciates against the euro it means that French-made goods become more expensive in the United States.
Answer the following statement true (T) or false (F)