If cable TV service and satellite TV service are substitutes,
a. a decrease in the price of cable will decrease the demand for satellite TV.
b. an increase in the price of cable will decrease the demand for satellite TV.
c. an increase in the price of cable will generally have no effect on the demand for satellite TV.
d. an increase in the price of cable will shift the demand curve for satellite TV to the left.
A
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Goods that are rival in consumption include both
a. club goods and public goods. b. public goods and common resources. c. common resources and private goods. d. private goods and club goods.
Part of the reason why barely used cars sell for much less than new cars is that
A. buyers and sellers have symmetric information about cars and both have less information about used cars than about new cars. B. buyers and sellers have symmetric information about cars and both have more information about used cars than about new cars. C. buyers have more information about used cars than sellers do. D. sellers have more information about used cars than buyers do.
Discrimination based on institutional factors occurs when:
A. women postpone having children in order to succeed professionally. B. women remain in low-paying jobs because of family responsibilities. C. employers hire a man who is more qualified than a woman. D. employers pay women less than men for doing the same job.
Domestic agricultural subsidies intended to support the nation's farmers would not be considered a trade barrier so would not be disputed internationally
Indicate whether the statement is true or false