Selling a product at different prices when the price difference is unrelated to costs is a practice known as
A) price fixing.
B) price monopolization.
C) price discrimination.
D) price differentiation.
C
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If New Zealand is operating at potential GDP, which of the following is true?
i. New Zealand only has frictional and structural unemployment. ii. There is no inflation in New Zealand. iii. New Zealand has positive net exports. A) i, ii and iii B) i only C) i and ii D) i and iii E) ii only
What policies would you recommend to the U.S. government to lower the balance of trade deficit and decrease net capital inflows?
What will be an ideal response?
The value of a country's currency declines when it implements policies that restrict trade. The primary factor affecting the change in value of the currency in this situation is
A. cultural differences. B. civil unrest. C. demographics. D. isolationism.
On a production possibilities frontier the opportunity cost of one more unit of commodity per time period is measure by the ______________
Fill in the blank(s) with the appropriate word.