In terms of an economic contribution, building a football stadium
A. has been shown to be futile. The team leaves anyway.
B. with public dollars has never been shown to enhance a community's economy.
C. to attract a team has always been a successful strategy in growing an community's economy.
D. to keep a team that would otherwise leave has always been a successful strategy in growing an community's economy.
Answer: B
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An increase in input productivity will ________.
A. reduce aggregate demand B. reduce the equilibrium price level, assuming downward flexible prices. C. shift the aggregate supply curve leftward D. reduce the equilibrium real output
Under monopsony, marginal factor cost is
A) equal to the wage rate. B) below the wage rate but increases as more workers are hired. C) greater than the wage rate. D) downward sloping.
Preempting demand, gaining volume cost advantages, building the brand, and establishing a long-term competitive advantage are associated with
What will be an ideal response?
The price elasticity of demand for a good is relatively elastic if:
A. there are a large number of substitutes. B. the consumer has more time to make decisions about purchasing the good. C. the good is less of a necessity. D. All of these