This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If airfares to Europe were to increase, other things equal, an economist would predict that: a. ... (Read 88 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jun 30, 2018
If airfares to Europe were to increase, other things equal, an economist would predict that:
 a. most people will not change their travel and vacation plans.
 b. more individuals will choose to fly to Europe because now it is a more valuable experience.
  c. some individuals will substitute toward other travel destinations.
 d. airlines will make significantly greater profits.

Question 2

Given a constant rate of growth of real GDP, what would cause a fall in real GDP per capita?
 a. a rate of population growth that is less than the rate of growth of real GDP
  b. a rate of population growth that is greater than the rate of growth of real GDP
  c. an increase in the size of the labor force
 d. an overall decrease in population


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


joe

  • Hero Member
  • *****
  • Posts: 627
Reply #2 on: Jun 30, 2018
Thank you :)


aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Population of Major Civilizations of Europe, Asia, and Africa, AD 1500 Population of Major Civilizations of Europe, Asia, and Africa, AD 1500
Europe after the Great War Europe after the Great War
Gustave Caillebotte, Place de l'Europe on a Rainy Day. Gustave Caillebotte, Place de l'Europe on a Rainy Day.
Use of CD4 lymphocyte and HIV RNA counts to predict therapeutic outcomes. Use of CD4 lymphocyte and HIV RNA counts to predict therapeutic outcomes.
Torque is a twisting force equal to the distance from the pivot point times the force applied ... Torque is a twisting force equal to the distance from the pivot point times the force applied ...
Factors that Increase Cardiac Output Factors that Increase Cardiac Output
Video: Glucose anabolism reactions: Glycogenolysis and Gluconeogenesis

For a complete list of videos, visit our video library