Cara wants to be a personal trainer for professional athletes. Which of Cara's skills most relates to her career choice?
A. Financial understanding
B. Musical ability
C. Data analysis
D. Relating to people
Ans: D. Relating to people
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Steve has two goods he can spend his income on, skiing and skating, and his marginal utilities from each are in the table above. The price of each unit of skiing is $10 and the price of each unit of skating is $5. Steve has $40 to spend
What quantities of skiing and skating should Steve consume to maximize his utility? A) 4 units of skiing and 4 units of skating B) 2 units of skiing and 4 units of skating C) 1 unit of skiing and 2 units of skating D) 5 units of skiing and 5 units of skating
One problem with fiat money, as compared to commodity money, is that: a. more resources are used to create fiat money
b. there is frequently too little fiat money available. c. there is a greater potential for inflation with fiat money. d. fiat money must be turned in to the government to receive the commodity on which it is based. e. fiat money is less divisible than commodity money.
In traditional Keynesian economics:
a. the aggregate supply curve is vertical. b. the aggregate supply curve is horizontal. c. the aggregate supply curve is upward-sloping. d. the aggregate demand curve is horizontal. e. the aggregate demand curve is vertical.
Marriott and Holiday Inn want to merge, but the resulting company would control 44 percent of the market for hotel rooms. They promise the Department of Justice that they will not raise room rates, if they are allowed to merge. Will the Department of Justice allow this merger? Explain using the Herfindahl- Hirschman index