A debit card differs from a credit card in that
A) a debit card is a loan while for a credit card purchase, payment is made immediately.
B) a debit card is a long-term loan while a credit card is a short-term loan.
C) a credit card is a loan while for a debit card purchase, payment is made immediately.
D) a credit card is a long-term loan while a debit card is a short-term loan.
C
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What can you deduce about the type of good Patty’s Pizza is and about the relationship between Patty’s Pizza and Sue’s Subs?
Suppose that when the average college students income is $10,000 per year, the annual quantity demanded of Patty's Pizza is 50 and the annual quantity demanded of Sue's Subs is 80. Suppose that when the price of Patty's Pizza increases from $8 to $10 per pie, the quantity demanded of Sue's Subs increases from 80 to 100. Suppose also that when the average student's income increases to $12,000 per year, the annual quantity demanded of Patty's Pizza increases from 50 to 60 a) Patty's Pizza is a normal good and Patty's Pizza and Sue's Subs are substitutes b) Patty's Pizza is a normal good and Patty's Pizza and Sue's Subs are complements c) Patty's Pizza is an inferior good and Patty's Pizza and Sue's Subs are substitutes d) Patty's Pizza is an inferior good and Patty's Pizza and Sue's Subs are complements
The equilibrium hedonic wage function is most likely
A. a single point, as all firms will choose the same level of risk, and consequently all workers will be paid the same wage. B. downward sloping as firms that offer riskier jobs are usually able to pay lower wages. C. horizontal as no firm will overpay for workers. D. upward sloping as firms that offer riskier jobs usually pay higher wages. E. horizontal as firms will choose their optimal level of safety.
To compute national income from GDP,
A. national income is first calculated, and then depreciation of capital and indirect business taxes are subtracted from it to get GDP. B. GDP is first calculated, and then gross private domestic investment is subtracted from it to get national income. C. GDP is first calculated, and then capital depreciation and proprietors' income are subtracted from it to get national income. D. GDP is first calculated, and then depreciation of capital is subtracted from it to get national income.
In your last vacation trip to Cancún, Mexico, you spent $1,000. This amount is recorded in the:
A. balance of merchandise trade as an import. B. balance of trade as an export. C. balance of trade as an import. D. balance of merchandise trade as an export.