Price discrimination may occur in monopoly.
a. true
b. false
b. false
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A real interest rate that causes the quantity of saving supplied to be equal to the quantity of saving (or investment) demanded is an example of the:
A. principle of comparative advantage. B. equilibrium principle. C. principle of increasing opportunity cost. D. scarcity principle.
The tendency for higher government budget deficits to decrease investment is called the
A) crowding-out effect. B) deficit effect. C) Ricardo-Barro effect. D) inflation effect. E) wealth effect.
When the average price level falls, interest rates fall, which increases the consumption of certain goods and services. This sequence of events describes the _______ _______ _______.
Fill in the blank(s) with the appropriate word(s).
What are the two types of costs that a well-designed tax policy tries to avoid or minimize?