Judging from the table of the four types of goods, goods that are excludable would include ______.
a. pizzas and movie streaming
b. rainforest trees and street lighting
c. the atmosphere and rainforest trees
d. pizzas and street lighting
a. pizzas and movie streaming
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For a firm to maximize total profits through price discrimination, it should
a. charge a low price to high-value consumers and a high price to low-value consumers b. charge a high price to high-value consumers and a high price to low-value consumers c. charge a low price to high-value consumers and a low price to low-value consumers d. charge a high price to high-value consumers and a low price to low-value consumers
All other things being equal, in the absence of public policy, an economy producing more than its sustainable capacity will eventually
a) reduce its long run capacity by wearing out its capital and depleting its natural resources b) increase its long run capacity to meet the demand c) experience wage and price increases and cutbacks in supply until output is at capacity d) export the excess output to other countries e) exhibit improved technology
Ahmed is working and is spending more than he is earning by using his savings to make up the difference. Which of the following statements is TRUE?
A. Ahmed is in equilibrium since he pays all of his bills. B. Ahmed is in disequilibrium. C. By using savings Ahmed has caused the balance of payments to go into a deficit situation. D. By using savings Ahmed is using special drawing rights.
Real investment spending for the past 35 years is less volatile than real personal consumption
a. True b. False Indicate whether the statement is true or false