Tag: Economics – Others

Question 6According to our in-class discussion, revenue management is the most beneficial whensupply is volatile.revenue is fixed.supply is fixed.revenue is volatile.profit is volatile.profit is fixed.
Question 7In an overbooking problem, when the cost of bump increases, we should:

Which of these are red flags in a cryptocurrency? Select all that apply.
The business use case for cryptocurrency is unclear.
The token is not freely traded.
Only one or a few small cryptocurrency exchanges list the token.
A lot of social media hype with flashy celebrity endorsements.

What triggered the economic collapse in the U.S. in 2008?
All of the above
The failure of the world’s largest investment bank and insurance company
None of the above
The banking system collapse due to the irresponsible provision of subprime loans
The collapse culehman Brothers and AIG

Question 651 ptsA potentially toxic environmental substance is lead. In pregnancy, lead is a neurotoxin and can cause learning deficits and developmental delays. Lead is found in all of the following except:
Fish
Certain types of pottery

1A financial intermediary’s main function is to match ________ with excess funds to ________ with a shortage of funds.
A. savers; borrower
B. firms; insurance companies
C. borrower; savers
D. governments; households

(iv) A partial summary of the model m3 output is given below.
(a) How do the estimates in the Fixed effects block (the first column) related to the mean scores for each Department?
(b) Complete the standard errors and the t value column of this Fixed effects block.

Which of the following is NOT a reason given for why forecasters are so often incorrect?
a. Some economic forecasters are too broad-minded, as they try to include a number of ideas in their forecasts.
b. There is a temptation for economic forecasters to stay fairly close to the

A credibility problem exists whenever
an individual cannot obtain a loan from a bank
an individual cannot be sure of the quality of the information provided by another individual
an individual does not have enough money to buy a credence good
an individual can trust another person

d. price equals marginal revenue.
18. A monopolistically competitive firm’s choice of output level is virtually identical to the choice made by
a. a perfectly competitive firm.
b. a duopolist (=only two companies are in the oligopoly market).
c. a monopolist.
d. an oligopolist.
4

Under conditions of imperfect competition in the labor market, union efforts to increase wages
Multiple choice
Will strengthen the monopoly power of management.
Will necessarily cause unemployment.
May either increase or decrease the level of employment.
Will necessarily reduce unemployment.