What do sellers do if they expect the price of goods they have for sale to decrease dramatically in the near future?
a. sell the goods now and try to invest the money instead of resupplying
b. sell the goods now but try to get the higher price for them
c. store the goods until the price rises
d. store the goods indefinitely regardless of when the price rises
Ans: a. sell the goods now and try to invest the money instead of resupplying
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What determines eligibility for SNAP?
a. If a person does not earn enough money to buy their desired amount of food b. If a person has young children or if the person is considered a senior c. If 30% of a person’s income does not afford a nutritionally adequate diet d. If 30% of a person’s income does not afford a person’s desired quality and quantity of food
In an economy of 100 people in the labor force, if 10 people are unemployed for 4 weeks during the year, and 30 people are unemployed for 8 weeks during the year, and the rest are employed continuously throughout the year, then the average duration of unemployment in this economy is:
A. 7 weeks. B. 5 weeks. C. 8 weeks. D. 6 weeks.
Refer to the normal-form game of price competition shown below.Firm AFirm B??CD?A50,50500-x,200?B100,500-x50,50For what values of x is strategy B strictly dominant for firm A?
A. All x > 450 B. All x < 450 C. x < 50 D. x = 450
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The marginal rate of transformation in moving from Point B to Point A is
A. -2/3. B. -3/4. C. -1.5. D. -20.