Which of the following events would most likely increase the price elasticity of demand for scalping tickets to Chicago Bears games?
a. new uniforms for the players
b. a winning season
c. a decrease in the number of seats available at the stadium
d. a losing season
e. an increase in the number of seats available at the stadium
D
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In the United States, a little more than half the electorate will turn out to vote in:
a. local elections. b. state elections. c. judicial elections. d. presidential elections.
Suppose that technological advancements stimulate $20 billion in additional investment spending. If the MPC = .6, how much will the change in investment increase aggregate demand?
A. $12 billion B. $20 billion C. $50 billion D. $33.3 billion
Total production
A) always equals total expenditures. B) equals total expenditures in equilibrium. C) is always greater than total expenditures. D) is always less than total expenditures.
In the United States, which of the following is an example of a government-sponsored good?
A. wireless networks B. cable TV service C. community college education D. cigarettes