Which of the following has a production process that would be considered capital intensive?

A. Auto manufacturing
B. A chorale
C. Serving food at a restaurant.
D. Police detective work

Answer: A

Economics

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(Last Word) Which of the following is not an example of pricing based on group differences in elasticity of demand?

A. Senior-citizen discounts at restaurants and motels. B. Cash rebates for purchases of automobiles. C. Child discounts for admission to theme parks. D. Discounted student prices for visits to museums.

Economics

Under a floating exchange-rate regime with a high degree of capital mobility, international crowding out of expansionary fiscal policy occurs when

A. foreign interest rates increase. B. the country's currency appreciates. C. the foreign money supply increases. D. domestic interest rates increase.

Economics