Airlines have avoided price discrimination among their customers
Indicate whether the statement is true or false
F Many airlines have discriminated, often against business travelers by requiring stays on round trips over Saturday night.
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The confidence problem of the Bretton Woods systems articulated by Robert Triffin refers to
A) the unwillingness of central banks to accumulate currency for fear of not being able to convert it to gold in case a run on the banks occurs. B) consumer fear of stock market instability. C) producer fear of rising wages. D) the lack of convertibility of gold into silver. E) low consumer spending because of balance of payment crises.
What is the difference between the cross-elasticity of demand for two goods which are substitutes and two goods which are complements?
Other things equal, as the number of discouraged workers rises in an economy, the gap between potential and actual real GDP will widen
a. True b. False Indicate whether the statement is true or false
Nominal income:
A. Reflects the purchasing power of money. B. Is income adjusted for inflation. C. Is the amount of money income, measured in current dollars. D. Is the amount of money income, measured in constant dollars.