Movie theaters charge lower prices to see a movie in the afternoon than in the evening because there is an:
A. Inelastic supply of movies in the evening
B. Elastic demand to see movies in the evening
C. Elastic demand to see movies in the afternoon
D. Inelastic demand to see movies in the afternoon
C. Elastic demand to see movies in the afternoon
You might also like to view...
A newspaper printing press is an example of
A) a capital good. B) a factor of production. C) something that influences labor productivity. D) a good that was once an output of the production process. E) All of the above are correct.
The largest regional trading bloc is the
a. North American Free Trade Agreement b. European Community c. Latin American Free Trade Agreement d. Asian Free Trade Agreement e. East Asian Cooperation Council
Ford opens a parts manufacturing plant in Haiti, which ships its parts back to the U.S. to be assembled in Detroit. Running the factory in Haiti is an example of:
A. foreign direct investment. B. foreign portfolio investment. C. importing. D. exporting. B. foreign portfolio investment. C. importing. D. exporting.
Each of the following is a characteristic of socialism, except
A. prohibition of any private ownership of the means of production. B. a substantial degree of government planning. C. a large-scale redistribution of income. D. government ownership of some of the means of production.