Keeping landing fees low at airports during the “peak” hours
A. perpetuates congestion during those hours.
B. is politically unpopular.
C. contributes to efficient allocation of airport facilities.
D. would lessen the problem of delayed flight landings.
Answer: A
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Refer to the figure above. What is the producer surplus when the price is $50?
A) $100 B) $200 C) $400 D) $1,000
According to the economic way of thinking, elected government officials tend to favor
A) contractionary monetary policies. B) contractionary fiscal policies. C) expansionary monetary and fiscal policies. D) monetary and fiscal policies consistent with the public interest.
Which of the following is closest to the future value of an $800,000 deposit earning 2 percent interest annually after 20 years?
A. $1,120,262 B. $1,188,758 C. $1,201,204 D. $1,176,224
You may receive a margin call if
A. you have a long (buying) futures position and prices increase. B. you have a long (buying) futures position and prices decrease. C. you have a short (selling) futures position and prices decrease. D. Both A and C.