If Japanese producers sell computer chips at a higher price in the United States than in Japan, and if there is no cost difference in producing or transporting the chips, the Japanese producers would be practicing
A) cartel pricing.
B) price discrimination.
C) simple monopoly behavior.
D) price sampling.
B
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Healthcare provided by the government is an example of a public good
a. True b. False Indicate whether the statement is true or false
In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0.75, net taxes are fixed at 40, planned investment is fixed at 50, government purchases are fixed at 150, and net exports are fixed at 20. Autonomous expenditure equals:
A. 290 + 0.75Y. B. 290. C. 320. D. 320 + 0.25Y.
Refer to the following graphs.
Which graph depicts a perfectly competitive firm in long-run equilibrium?
A. Graph I B. Graph II C. Graph III D. Graph IV
Diane lost her job and immediately started looking for another job. As a result the
A. unemployment rate remains constant. B. labor force increases. C. labor force decreases. D. unemployment rate increases.