Which of the following is not an example of a differing taste for work?
a. Some people prefer physical labor and hate office work
b. Some people become airline pilots while others are afraid to fly
c. Winter temperatures are below zero on crab boats off Alaska
d. Teenagers prefer jobs at Starbucks and Gap to those at fast-food restaurants
e. Many people prefer the creative process even though earnings are low
C
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Most of us are dependent on crude oil in some shape or way, whether it's to power our cars or to heat our homes in some parts of the country. More than 80 percent of the home heating oil used in the United States goes to the Northeast
It is suggested that there needs to be government regulation to make it illegal to charge a very high price for oil. This type of regulation would be a ________. A) price ceiling B) price floor C) shortage regulation D) tax incidence
Which of the following increases money demand?
A) Disruptions in the banking system. B) The introduction of online banking. C) The wider availability of ATMs. D) The introduction of deposit insurance.
An export subsidy helps reduce the selling price of a product by allowing individual producers to charge less and still cover all of their production costs
a. True b. False Indicate whether the statement is true or false
A U.S. firm produces nail guns in the first quarter of 2010 and adds them to its inventory. In the second quarter of 2010 the firm sells the nail guns to a U.S. construction company. In which quarter(s) is (are) GDP higher?
a. the first and the second b. the first but not the second c. the second but not the first d. neither the first nor the second