If official U.S. poverty statistics included in-kind transfer payments the:
A. poverty rate would be close to zero.
B. poverty rate would be lower.
C. government deficit would be lower.
D. top 10 percent of those in the income distribution would be wealthier.
Answer: B
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The table above gives data for the nation of? Pearl, a small island in the South Pacific. If aggregate demand increases so that the quantity of real GDP demanded is? $6 billion more at each price? level, the new equilibrium real GDP is
A) $34 billion.
B) $31 billion.
C) $28 billion.
D) $25 billion.
E) $23 billion.
Which of the following best describes the difference between cost-of-service regulation and rate-of-return regulation?
A. Costs determine prices in cost-of-service regulation and prices are set in rate-of-return regulation so the firm can make a normal rate of return. B. Costs determine prices in cost-of-service regulation and prices determine costs in rate-of-return regulation. C. Variable costs determine prices in cost-of-service regulation and prices are set in rate-of-return regulation so the firm can make an economic profit. D. Regulators determine prices in cost-of-service regulation and market forces determine prices in rate-of-return regulation.
Amusement Park / Cola Tie-in The Six Flags Over Texas amusement part in the middle of the Dallas-Fort Worth Metroplex has a tie-in marketing campaign with Coca-Cola during the summer. In local grocery stores, some Coke cans offer $5 off admission to the park. Why does Six Flags limit these cans so that none are sold further than 20 miles from the park?
Which of the following features was prominent in the airline industry during the 1950s?
a. The airlines had to concentrate on cost reduction. b. The airlines had to lower the frequency of flights to meet rising costs. c. The airlines served food prepared by their own employees or by other airlines. d. The airlines industry was revolutionized by low-cost budget airlines.