Price discrimination means charging:
A. the same price to all buyers even if production costs are different.
B. different prices for different products because production costs are different.
C. different prices to different buyers for essentially the same good or service.
D. higher prices to women and minorities.
Answer: C
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Foreign direct investment implies that the investor obtains ________ share in a foreign company's ownershi
A) less than 10 percent B) less than 1 percent C) less than 5 percent D) none of the above
If the government of a country is maintaining an overvalued currency against the dollar, then the:
A) quantity of dollars demanded will exceed the quantity of dollars supplied in the foreign exchange market. B) quantity of dollars demanded will equal the quantity of dollars supplied in the foreign exchange market. C) quantity of domestic currency demanded will exceed the quantity of dollars supplied in the foreign exchange market. D) quantity of dollars supplied will exceed the quantity of dollars demanded in the foreign exchange market.
Refer to Figure 10.3. What price will the monopsonist pay when maximizing profit?
A) P1 B) P2 C) P3 D) P4 E) P5
Which of the following correctly describes the marginal propensity to consume?
a. The change in savings divided by the change in consumption. b. The change in consumption spending divided by the change in disposable income. c. The change in real disposable income divided by the change in consumption. d. The change in savings divided by the change in disposable income.