To successfully price discriminate, a firm must ensure that there are no opportunities for arbitrage
Indicate whether the statement is true or false
TRUE
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The reason why the differences in the growth stories of North Korea and South Korea can be viewed approximately as a natural experiment or an experiment of history is that:
A) institutions in both countries was changing radically, while geography and culture remained largely unchanged. B) culture in both countries was changing radically, while geography and institutions remained largely unchanged. C) geography in both countries was changing radically, while culture and institutions remained largely unchanged. D) institutions, geography, and culture in both countries were changing radically.
"Trade raises the economic well-being of a nation in the sense that the gains of the winners exceed the losses of the losers.". This statement is correct for a nation that exports manufactured goods, but it is not correct for a nation that imports manufactured goods
a. True b. False Indicate whether the statement is true or false
A likely consequence over time of an average-cost pricing policy for a natural monopoly is:
A. an increase in the average cost curve. B. an increase in profits. C. no change in price. D. a decrease in the average cost curve.
If an economy produced 220 pounds of jelly beans at $5 per pound and 90 pounds of gum drops at $2 per pound in 2016, its real gross domestic product (GDP) was:
A. 310 pounds of candy. B. $180. C. $1,100. D. $1,280.