Although it is illegal in some locations to re-sell a $100 ticket to an event for $200, it is seldom illegal
A. for a business to offer a $100 ticket to favored clients and generate orders worth much more than $200.
B. for a travel agent to offer a $100 ticket with a $100 hotel room as a "package" for more than $200.
C. for a charity to raffle a $100 ticket in order to raise much more than $200 in donations.
D. all of the options are correct.
Answer: D
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A tariff
A) makes everyone worse off. B) makes domestic consumers better off. C) makes domestic producers better off. D) makes both domestic producers and consumers better off.
In the typical bathtub, the flow of water into the tub is controlled by a faucet independently of the quantity of water in the tub
How is the bathtub analogy of the steady state in the Solow model different? How does this difference relate to the phenomenon of convergence?