Which of the following examples involves a durable good?
a. Lotte uses binoculars at a soccer game.
b. Sem drinks a soda at a basketball game.
c. Sophie eats a hot dog at a baseball game.
d. Finn brings a paper bag to put on his head to a football game.
a. Lotte uses binoculars at a soccer game.
You might also like to view...
The product approach to measuring GDP values government production at
A) market prices. B) its cost of production. C) its estimated value to society. D) the total amount of taxes it collects.
Luke recently attended a large pop culture convention in another state. What would be the money costs Luke incurred to attend the show?
a. the payments for the pass, airline ticket, and hotel bill b. the time he could have spent improving his musical ability c. the virus he caught at the crowded convention d. the annoyance of airport lines and security checks
Assume the minimum wage exceeds the market-clearing wage. If there is an increase in the supply of labor then the number of workers who are unemployed will ________, and the number of workers who are employed will ________.
A. increase; not change B. increase; increase C. decrease; increase D. increase; decrease
You are a hotel manager and you are considering four projects that yield different payoffs, depending upon whether there is an economic boom or a recession. The potential payoffs andcorresponding payoffs are summarized in the following table.ProjectBoom (50%)Recession (50%)A$20-$10B-$10$20C$30-$30D$50$50Which project has the greatest variance?
A. A B. B C. C D. D