Most movie theatres charge different prices to different groups of customers for movie admission but not on movie popcorn. Which of the following is a reason for this?
A) because the markup on movie popcorn is very high and movie theatres do not want to forgo this source of revenue
B) because it is easier to limit resale in movie admissions but not in popcorn
C) because the cost of operating a concession stand in a movie theatre is very high compared to the cost of showing a movie
D) because the demand for popcorn is very high relative to the demand for movie admissions
B
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If the nominal expected return on foreign assets is higher than on dollar assets ________
A) foreigners will want to hold additional dollar assets B) Americans will want to hold additional dollar assets C) foreigners will want to hold fewer foreign assets D) foreigners will want to hold additional foreign assets
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.