Ticket scalping can increase total surplus in the market for tickets to sporting events
a. True
b. False
Indicate whether the statement is true or false
True
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The export of wheat will be included in the calculation of GDP using the ________ method
A) income B) expenditure C) investment D) production
If in Chicago the interest rate is 5 percent a year and in Vancouver it is 4 percent a year, ________
A) the quantity of Canadian dollars purchased will increase B) the Canadian dollar is expected to depreciate C) interest rate parity does not exist D) the U.S. dollar is expected to depreciate
The Phillips curve shifts because
A) fiscal policy changes over time. B) of total factor productivity shocks. C) of economic development. D) none of the above.
Refer to the above figure. If the government imposes a price ceiling of $20
A) the quantity of goods that will be traded is 100. B) the quantity of goods that will be traded is 200. C) the quantity of goods that will be traded is 150. D) the quantity of goods that will be traded is 0.