Which would be evidence of price discrimination at a local bar called Heaters?
A. Charging lower prices to customers wearing Heaters t-shirts.
B. Charging lower prices during Happy Hour from 5 to 6 p.m.
C. Charging higher prices than under perfect competition.
D. Charging higher prices for imported than for domestic beer.
Answer: A
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In the above figure, if the real wage is $20 per hour, a labor
A) shortage will occur and the real wage will rise. B) shortage will occur and the real wage will fall. C) surplus will occur and the real wage will rise. D) surplus will occur and the real wage will fall.
A market system is not considered an effective way of controlling self-interest
a. True b. False Indicate whether the statement is true or false
trade restrictions like tariffs and quotas will
What will be an ideal response?
If the size of the underground economy is large
A) government agencies have difficulty measuring nominal and real GDP. B) it is relatively easy to gather productivity data on many businesses. C) measuring nominal GDP is relatively easy, but measuring real GDP is difficult. D) measuring real GDP is relatively easy, but measuring nominal GDP is difficult.