Refer to Figure 16-6. Sensei's friend, Marcel, suggests that he charge a one-time membership fee to use the martial arts school, in addition to a per-class charge.
Suppose Sensei charges the monopoly price for each class and also imposes a one-time membership fee. What is the maximum amount of revenue from the membership fee he can collect from all his customers?
A) an amount equal to the area A + B B) an amount equal to the area H + G
C) an amount equal to the area E + F D) an amount equal to the area A + C + H
Ques. 2Refer to Figure 17-6. Which of the following statements about Scheme II is false?
A) It is likely to draw highly productive workers who see the opportunity to increase their wages.
B) It allows workers to increase their monthly wage without penalizing those who are content with their monthly wage.
C) It is more risky for senior employees.
D) It could discourage less productive workers and induce them to leave the firm.
Ques. 3Refer to Figure 18-5. The highest 20 percent of households
A) earn 24 percent of the society's total income. B) earn 28 percent of the society's total income.
C) earn 42 percent of the society's total income. D) earn 72 percent of the society's total income.
Ques. 4Refer to Table 19-19. Given the information above, calculate the GDP deflator in 2015.
A) 87 B) 95 C) 105 D) 114
Ques. 5If workers and firms raise their inflation expectations
A) unemployment will fall.
B) the short-run Phillips curve will be vertical.
C) actual inflation will fall to match expected inflation.
D) the short-run Phillips curve will shift upward.
Ques. 6Financial markets and financial intermediaries comprise the financial system.
Indicate whether the statement is true or false
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