According to the concept of framing, when a customer calls a hotel regarding a reservation the hotel reservationists generally state room rates as the _____
a. lowest they charge during peak demand periods
b. average they charge during peak demand periods
c. highest they charge during peak demand periods and then discount those rates
d. lowest they charge during off-peak demand periods
e. highest they charge during off-peak demand periods and then discount those rates
c
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What is meant by world price of a good? How do the domestic price and the world price of a good together determine whether a country will be an importer or exporter of a certain good?
What will be an ideal response?
If the tax multiplier is -4.0, what is the marginal propensity to consume?
a. 0.66 b. 0.75 c. 0.50 d. 0.80 e. 0.25
Most economists and policy makers decided in 2007-2010 that reducing unemployment was the main national priority
a. True b. False Indicate whether the statement is true or false
If the price of pizzas has risen from $4 to $5 at the same time that the price of an hour of spinning class has risen from $20 to $30, then
A. pizzas have become relatively more expensive. B. spinning classes have become relatively more expensive. C. the relative prices of pizzas and spinning classes have remained constant. D. workers’ real income must have decreased.