The price of a ride on the Washington, D.C. metro depends on the time of day you ride. This is an example of
a. exploitation.
b. inefficiency.
c. political interference with a market.
d. pricing to spread out demand.
d
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Following the collapse of its housing and stock markets around 1990, the Japanese government ________
A) effectively managed the crisis, limiting the damage to the Japanese economy B) took only limited action in response to the crisis C) was able to rely on private initiatives in quickly reversing the course of GDP in the 1990s D) fixed the value of the yen to the Euro and pursued an aggressive monetary policy
Economists consider governments to be "wasteful":
A. whenever they over- or underallocate resources to a project. B. only when they overallocate resources to a project. C. only when they underallocate resources to a project. D. whenever they attempt to correct a market failure.
If the full-employment GDP for the economy is at L, then we can say with certainty that the:
A. actual budget will have a deficit.
B. cyclically adjusted budget will have a deficit.
C. actual budget will have a surplus.
D. cyclically adjusted budget will have a surplus.
All else equal, an increase in the price of complementary products for the Apple Watch, such as Sensoria's wearable technology, would
A) shift the demand curve for the Apple Watch to the left. B) shift the supply curve for the Apple Watch to the left. C) shift the demand curve for the Apple Watch to the right. D) shift the supply curve for the Apple Watch to the right.