If you travel through the western United States in the summer, you are much more likely to encounter a shortage of camping spaces than a shortage of motel rooms because
A) camping sites are usually less expensive than motel rooms.
B) motels are more often privately owned.
C) the government has not provided as many camping spaces as the public wants.
D) there are more motel rooms than camping spaces.
E) vacationers in the summer display a greater demand for outdoor than for indoor sleeping sites.
B
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In the Keynesian framework, as long as output is ________ the equilibrium level, unplanned inventory investment will remain ________ and firms will continue to lower production
A) below; negative B) above; negative C) below; positive D) above; positive
The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are too willing to offer discounts b. the Vice President does not want to negotiate aggressively enough c. the sales staff want to negotiate too aggressively d. the Vice President is more willing to offer discounts to make the sale
Sky-High Skywriters raises its price, and the other four firms in the industry raise their prices in response. Coordination in this industry is accomplished by
A. Predatory pricing. B. Price leadership. C. Retaliation. D. Price-fixing.
The rate of interest charged by the Fed and paid by banks when they borrow reserves from the Fed is called the
A. prime rate. B. real interest rate. C. reserve rate. D. discount rate.