If Congress passed new laws significantly increasing the regulation of business, this action would tend to:
A. Increase per-unit production costs and shift the aggregate supply curve to the left
B. Increase per-unit production costs and shift the aggregate supply curve to the right
C. Increase per-unit production costs and shift the aggregate demand curve to the left
D. Decrease per-unit production costs and shift the aggregate supply curve to the left
A. Increase per-unit production costs and shift the aggregate supply curve to the left
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The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are unwilling to offer discounts b. the Vice President want to negotiate more aggressively c. the sales staff want to negotiate too aggressively d. the Vice President is more willing to offer discounts to make the sale
Continuing with the same family from the preceding question, suppose a risk neutral insurance company exists to provide vacation insurance. Suppose further that each vacation day requires a constant expenditure, and this expenditure is standard across everybody. This allows us to simplify the problem by considering all payments to be in terms of vacation days. What is the least the insurance
company would charge (in terms of vacation days)? a. 1 b. 2 c. 3 d. 4