Which of the following industries relies heavily on peak/off-peak pricing?
A. Auto manufacturing
B. Computer software
C. Airlines
D. Book publishing
Answer: C
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Which of the following will NOT cause a leftward shift in the Long-Run Aggregate Supply curve?
A) a reduction in the amount of capital B) a reduction in government spending C) a reduction in the amount of oil D) a net outflow of human capital
If the price level falls and the money wage rate does not change, some firms ________ and there is ________
A) shut down; a leftward shift of the aggregate supply curve B) start up; a rightward shift of the aggregate supply curve C) start up; an increase in potential GDP D) shut down; a decrease in the quantity of real GDP supplied E) shut down; a decrease in potential GDP
An individual demand curve for a good is ____ her marginal utility curve for the good.
A. based on B. the mirror image around the vertical axis of C. twice as steep as D. half as steep as
Describe some of the causes of urban giantism in developing countries
What will be an ideal response?