Which statement is false?
A. Price discrimination can be a disguised subsidy to the poor.
B. Price discrimination enables the seller to increase her profits.
C. Price discrimination is usually against poor people who can't afford to shop around.
D. None of these statements are false.
C. Price discrimination is usually against poor people who can't afford to shop around.
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The change in demand deposits varies directly with
A) the currency ratio. B) the reserve ratio on demand deposits. C) the monetary base. D) the reserve ratio on time deposits.
When the Federal government uses taxation and spending actions to stimulate the economy it is conducting:
a. Employment policy b. Monetary policy c. Fiscal policy d. Incomes policy
The specialized information-gathering activities that banks use to evaluate borrowers are an example of the:
A. principle of comparative advantage. B. scarcity principle. C. cost-benefit principle. D. principle of increasing opportunity cost.
If autonomous consumption rises by $60 and, as a result, Real GDP rises by $240, then the marginal propensity to consume is
A) 0.25. B) 0.75. C) 0.05. D) 0.95. E) none of the above