[Appendix; Advanced Material] If an airline company decides to buy smaller jets with fewer seats, then the problem of:
a. spillage and spoilage both increase.
b. spillage decreases, but spoilage increases.
c. spillage and spoilage both decrease.
d. spoilage decreases, but spillage increases.
d
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General Electric (GE) produces wind turbines that generate wind power. Over the past 10 years, the advances in technology used to produce wind turbines has resulted in
A) a movement up along the supply curve for wind-generated power. B) a rightward shift in the supply curve for wind-generated power. C) a decrease in the supply of wind-generated power. D) GE increasing the quantity supplied of wind turbines.
Which of the following is not considered a unilateral transfer?
a. foreign aid from one government to another b. income earned from foreign investments c. personal gifts to friends in foreign countries d. donations to foreign countries from non-government domestic charities e. government transfers to foreign residents
Which of the following is most likely to increase productivity growth, as measured using GDP statistics?
a. Reduced capital formation b. Decreased human capital c. Increased research and development d. Increased government regulation e. Higher price of a raw material
Pair-wise majority voting eliminates which problem?
A. Majority options problem B. Swing-vote problem C. Misalignment problem D. Third party problem