If a seller can identify two groups of consumers with different demand elasticities, and can prevent arbitrage between the groups, it can increase profit by charging a higher price to the low-elasticity group.
Answer the following statement(s) true (T) or false (F)
Ans: True
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Refer to the figure below. What is the Nash equilibrium of this game? 
A. A chooses Up, B chooses Right B. A chooses Up, B chooses Left C. A chooses Down, B chooses Left D. A chooses Down, B chooses Right
Which of the following is included in both the U.S. GDP and U.S. GNP?
A) the value of all cars produced by Nissan in Japan and the United States B) the value of all cars produced by Ford in Mexico C) the value of all cars produced by Toyota in the United States D) the value of all cars produced by General Motors in the United States
Identify the impact of an increase in the inventory stock during a year
a. Consumption spending will decrease thereby reducing the GDP. b. The GDP of a country should decrease by the amount of the increase in inventory. c. The capital investment in a country will increase. d. Neither the capital investment nor the GDP will change. e. The GDP of a country should increase by the amount of the increase in inventory.
The world price of a commodity will settle at the level where a. supply and demand are equal within each country
b. the excess demand of the importing country is just equal to the excess supply of the exporting country. c. the excess demand in the exporting country is equal to the excess demand in the importing country. d. there is no excess demand in the exporting country.