A demand curve for The Steel Porcupines' concert tickets would show the:
A. number of tickets the box office is willing to sell at various prices.
B. number of people who need tickets.
C. quality of people who want to buy these concert tickets.
D. number of tickets that will be purchased at various prices.
Answer: D
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Referring to Figure 19.1, if the exchange rate is currently 14 pesos per dollar, then we expect the dollar to ________ and the peso to ________
A) depreciate; appreciate B) depreciate; depreciate C) appreciate; appreciate D) appreciate; depreciate
Fiscal policy is determined by
A) Congress and the Federal Reserve. B) Congress and the president. C) the president and the Federal Reserve. D) the Federal Reserve.
Which of the following is an example of a compensating differential?
a. paying workers with more years of experience higher wages than workers with fewer years of experience, all else equal b. paying workers who work on the day shift lower wages than workers who work the night shift, all else equal c. paying accountants who have passed the Certified Public Accountant exam higher wages than accountants who have not passed it, all else equal d. All of the above are examples of compensating differentials.
What is the total fixed cost in Figure 21.2?
A. $80. B. $29,600. C. $10,000. D. $9,600.