Airlines price discriminate prominently by charging _______ more than _________.
Fill in the blank(s) with the appropriate word(s).
Answer: business travelers; vacationers
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Suppose that labor is measured on the horizontal axis and capital is measured on the vertical axis. At an interior solution:
A. MRTSLK = PL/PK. B. MRTSLK = - PL/PK. C. MRSTLK = PK/PL. D. MRTALK = - PK/PL.
Refer to the graph shown. 
The Lorenz curve showing the most income inequality is
A. A. B. B. C. C. D. D.
Which of the following represents the Lucas supply function?
A. Y = f(Pe + P) B. Y = f(P - Pe) C. Y = f(P + Pe) D. Y = f(Pe - P)
Use the market for central bank money to answer this question. Graphically illustrate and explain what effect a Federal Reserve purchase of bonds will have on this market and on the equilibrium interest rate
What will be an ideal response?