A golf course in Fargo, North Dakota — where it is very cold in the winter — is closed between November 1 and April 1 . If the owner of the golf course is rational, what criterion does he or she use in deciding to close the course for this extended period of time?
The owner has determined that total revenue would fall short of variable cost during the November 1 – April 1 period.
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The flow of ________ increases the stock of ________.
A. money; income B. saving; wealth C. investment; profits D. consumption; income
Which of the following is a positive macroeconomics statement?
A) The central bank should increase the nation's money supply. B) The increase in the nation's money supply helped push the nation's unemployment rate down in the short run. C) Ford Motor Company's new advertising campaign ended up hurting General Motors' sales. D) The local government ought to spend more on recreational facilities.
Which of the following statements represents a correct and sequentially accurate economic explanation?
A) Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y rises. B) Goods X and Y are substitutes. The price of X rises, the demand for X falls, and the demand for Y rises. C) Goods X and Y are substitutes. The price of X falls, the demand for X rises, and the quantity demanded of Y rises. D) Goods X and Y are substitutes. The price of X falls, the quantity demanded of X rises, and the demand for Y falls. E) Goods X and Y are complements. The price of X falls, the quantity demanded of X rises, and the demand for Y falls.
According to the KOF Swiss Economic Institute's globalization indices for the world, globalization
A) has been on a downward trend. B) has been constant since 1970. C) was on an upward trend in the 1970s and 1980s, but has more recently been on a downward trend. D) has been on an upward trend.