Explain why movie theaters charge more for evening performances than for matinees
If prices were the same at all times, most customers would come to evening shows, and afternoon shows would be empty. By charging less in the afternoon, theaters can better fill their seats without having to expand to handle evening crowds while the building is deserted in the afternoon.
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Which of the following statements is TRUE?
a. The HeckscherOhlin model offers a reasonable explanation of the pattern of trade and the gains from trade. b. The HeckscherOhlin trade model does not offer an explanation of the pattern of trade. c. The HeckscherOhlin trade model does not offer an explanation of the gains from trade. d. The Riparian trade model (with labor as the only input) offers a better explanation of the pattern of trade and the gains from trade than the HeckscherOhlin model.
Disguised unemployment refers to
a. workers who shirk their responsibilities and don't contribute to output b. unemployed people who don't admit they are unemployed c. workers whose output is valued at less than their wage d. unemployed people who pretend to be working e. none of the above