The price system takes into account consumer preferences in the distribution of goods and services.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The household saving rate as measured by the Flow of Funds Accounts does NOT include
A) capital gains on stocks, bonds, houses, and other assets. B) net investment in consumer durables. C) household accumulations in government pensions. D) All of the above.
Indirect price discrimination differs from direct price discrimination because
a. In direct price discrimination high value consumers can sometime enjoy the benefits of a low-values customer b. In Direct price discrimination firms do not have to worry about cannibalizing c. In direct price discrimination there is a risk of creating profitable entries for rival but for indirect price discrimination, this can be avoided d. There is no difference between the two
Most empirical studies show that the cost savings provided by managed care are accomplished by:
a. better preventive care. b. reducing the rate of hospitalization. c. denying access to costly specialty care. d. switching to generic drugs
When the fall in consumer and producer surplus exceeds the gain in tax revenues, the result is _____.
a. lower prices b. more production c. a positive net gain to society d. a deadweight loss