Which of the following is an example of group price discrimination?
A) Senior citizen discounts.
B) Buy two, get one free.
C) Buy one, get another half off.
D) None of the above.
A
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Which of the following market structures have market power?
A) oligopoly B) monopolistic competition C) perfect competition D) Both A and B.
Rising healthcare costs are attributable to
A) people living longer and desiring more care. B) reliance on expensive technology to support and prolong life. C) third-party financing of healthcare costs. D) all of the above
When actual investment is less than intended investment, national production and income will fall
Indicate whether the statement is true or false
Composition of aggregate demand is a major determinant of the economy’s long-run economic growth rate.
Answer the following statement true (T) or false (F)