Which of the following is not necessary for price discrimination to occur?
a. a downward-sloping demand curve facing the firm
b. control over price by the firm
c. the firm can easily distinguish groups with different price elasticities
d. the firm can easily prevent resale of the good by lower-price customers
e. economies of scale exist
E
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The bulk of the decline in the natural rate of unemployment from 1980 to 2000 is because of
A) a decline in the inflation rate. B) a decline in the share of young workers in the labor force. C) increased competition from foreign workers. D) the depreciation of the dollar relative to foreign currencies.
One of the least regulated common resources today is
a. state parks. b. the ocean. c. forest preserves. d. the Great Lakes.
Walmart, like many companies in the new economy, uses a hub-and-spoke distribution system to
A. decrease consumer demand. B. increase costs of stocking and inventory. C. change consumer attitudes toward warehouse shopping. D. decrease costs of stocking and inventory.
A negative demand shock could cause an increase in U.S. exports.
Answer the following statement true (T) or false (F)