Air-traffic controllers get paid high wages given their level of education. They also get frequent breaks and may only work a few days a week. Which of the following could explain their high wage?
a. the long breaks and limited work days
b. the stress they face
c. the comparatively low level of education required
d. All of the above are correct.
b
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Firms use various methods for identifying customers such as ________ and ________
A) observable characteristics such as willingness to wait in long lines; their actions such as whether or not they live a long time B) observable characteristics such as age; their actions such as willingness to wait in long lines C) the color of their hair; whether or not they roll their eyes at high prices D) None of the above.
Ceteris paribus, which of the following would cause a decrease in the demand for HD TVs?
a. decline in the price of HD TVs. b. increase in the price of HD TVs. c. increase in consumers' income. d. decrease in consumers' income.