The ability to use price discrimination is ______.
a. available only to government regulated firms
b. exclusive to government-owned monopolies
c. available to all firms who are currently profitable
d. available only to firms with market power
d. available only to firms with market power
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Refer to Table 26-1. The hypothetical information in the table shows what the values for real GDP and the price level will be in 2017 if the Fed does not use monetary policy
Which of the following policies makes sense if the Fed wants to keep real GDP at its potential level in 2017? A) The Fed should lower the target for the federal funds rate. B) The Fed should pursue contractionary policy. C) The trading desk should sell Treasury securities. D) The Fed should lower capital gains taxes.
A movement from Point A to Point B in Figure 9.5 would result in
A. An increase in aggregate demand. B. A decrease in both aggregate demand and aggregate supply. C. A decrease in aggregate demand. D. An increase in aggregate demand and a decrease in aggregate supply.
Under a system of marketable pollution permits:
A. firms can trade away their right to pollute. B. the amount of pollution an individual firm can generate is determined by the number of permits issued to it by the government. C. the production costs for firms are not affected. D. the government controls the production process of firms who pollute.
Scarcity exists because
A) the majority of people in the world are poor. B) people are too greedy and refuse to share what they have with others. C) human wants exceed what can be produced with the limited resources available. D) not enough new technology is being used to eliminate scarcity.