Which of these examples is an example of price discrimination?
A. Seniors pay one price at the movie theater and adults pay more.
B. Cereal manufacturers put discount coupons inside their cereal boxes.
C. Wholesale prices differ from retail prices.
D. Goods are marked down on sale.
Answer: A
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If a meat packing plant has 30 employees and each employee has a 1 in 90 chance of getting injured on the job, then on average, one employee will get injured on the job every
A) 120 days. B) 1 year. C) 3 years. D) 9 years.
What tools can unions use to increase the demand for union labor?
What will be an ideal response?
A good for which it is impossible or at least very costly to exclude nonpaying customers from receiving the good and for which many individuals can share in the consumption of the same unit of the good is called a
a. public good. b. joint good. c. excludable good. d. national good.
Which of the following is the term describing very similar products being exported and imported by trading partners?
a. reciprocal trade b. imperfect competition c. intra-industry trade d. inter-industry trade