Perfect (first degree) price discrimination:
a. is a common occurrence in situations with many buyers.
b. occurs fairly often in situations with only a few buyers.
c. is only observed in competitive markets.
d. rarely occurs because firms do not have sufficient information to differentiate among specific buyers.
d
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The crowding-out effect implies that a government budget deficit ________ the demand for loanable funds and ________ equilibrium investment
A) increases; decreases B) does not change; does not change C) increases; increases D) decreases; decreases E) decreases; increases
When firms differentiate their products, they
a. provide information to consumers with no additional use of productive resources b. always increase their profits c. always create real differences among products d. frequently create artificial or superficial differences among products, thus raising production costs e. usually strain the physical capacity of their plants
Which of the following is inconsistent with the view that Fed monetary policy was excessively expansionary during 2010-2013?
a. Short-term interest rates that were near zero throughout these years. b. A rapid increase in the monetary base throughout these years. c. A tripling of Fed asset holdings from less than $1 trillion in 2008 to approximately $3 trillion in 2012. d. Growth of nominal GDP during 2010-2012 at a rate similar to that of recent decades.
The influence of agricultural technologies on farm land in the United States has been
a. very little up until now. b. substantial, as greater productivity per acre reduced the need for farmland. c. substantial; the productivity of much farm land has been destroyed by new technologies and may never be useful again. d. to make farmland less productive over time as the minerals In the soil are used up.