Fans who purchase their tickets from ticket scalpers are likely to
A. have many other uses of their time that they consider to be close substitutes for the event.
B. be much less wealthy than typical fans.
C. have had much less time to plan their attendance than typical fans.
D. all of the options are correct.
Answer: C
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A fundamental problem in international economics is how to produce
A) a perfect degree of monetary harmony. B) an acceptable degree of harmony among the international trade policies of different countries. C) a world government that can harmonize trade and monetary policies D) a counter-cyclical monetary policy so that all countries will not be adversely affected by a financial crisis in one country. E) a worldwide form of currency.
The above figure shows the market for rice in Japan. SDomestic represents the domestic supply curve, and Sworld represents the world supply curve. If imported rice is banned, the loss in social welfare is
A) a + b + c + d + i + j. B) a. C) c + e. D) a + b + c + d.
Using the information in the table shown, what is the 1999 salary in 2009 dollars?
A. $174,136
B. $132,692
C. $105,292
D. $170,844
Which statement is true?
A. There is no one single cause of homelessness. B. Most of the homeless have jobs. C. There are fewer Americans homeless than ten years ago. D. People are homeless because they want to be.