A Japanese businessman opened an automobile showroom in Singapore this year. His income will lead to a(n) ________
A) increase in the GDP of Singapore B) decrease in the GDP of Singapore
C) increase in the GDP of Japan D) decrease in the GDP of Japan
A
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First-degree price discrimination:
A. results in the firm extracting all surplus from consumers. B. occurs when a firm charges each consumer the maximum price he or she would be willing to pay for each unit of the good purchased. C. occurs when a firm charges each consumer the maximum price he or she would be willing to pay for each unit of the good purchased and results in the firm extracting all surplus from consumers. D. None of the answers are correct.
Positive relationships are also referred to as inverse relationships.
Answer the following statement true (T) or false (F)
Provide goods and services to members
What will be an ideal response?
During the late 1960s, real GDP increased, unemployment fell, and the inflation rate started to rise. Which would have been the appropriate federal government policy combination to improve economic performance by lowering the inflation rate?
A) increase government expenditures, decrease taxes, increase the quantity of money B) increase government expenditures, decrease taxes, decrease the quantity of money C) decrease government expenditures, increase taxes, decrease the quantity of money D) do not change government expenditures or taxes , increase the quantity of money E) increase government expenditures, decrease taxes, do not change the quantity of money