Dynamic pricing used by companies such as Uber:
A. allows market prices to adjust in real time to changes in supply and demand.
B. creates market prices that are consistently lower than those preset by firms or by law.
C. has been declared illegal because it harms consumers.
D. often results in shortages of desired products.
Answer: A
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U.S. official reserves are
A) equal to the balance on the capital and financial account. B) equal to the value of U.S. government debt in the hands of foreigners. C) equal to the government's holding of gold. D) equal to the value of the government's oil reserves. E) the government's holding of foreign currency.
Using the table above, if the current market value of the dollar is 110 francs
A) investor A expects dollar appreciation, but B and C expect depreciation. B) investor C expects dollar depreciation, but A and B expect appreciation. C) all three investors expect the dollar to appreciate. D) all three investors expect the dollar to depreciate.
In the real business cycle model, a persistent increase in total factor productivity
A) increases the real wage and increases the price level. B) increases the real wage and decreases the price level. C) decreases the real wage and increases the price level. D) decreases the real wage and decreases the price level.
The major coordination tasks can be summarized with the questions
a. who, what, when, where? b. how, what, for whom? c. how, what, why? d. how, why, for whom? e. who, how, what?