While price discrimination is possible between two markets it is not possible in more than two
Indicate whether the statement is true or false
False . The number of markets does not matter. All that is required is that markets differ in their respective price elasticity of demand.
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Which of the following did not contribute to the failing of Freddie Mac and Freddie Mae?
A) Problems with adverse selection. B) Problems with moral hazard. C) Weak regulatory oversight. D) Unethical accounting practices.
Answer the following statements true (T) or false (F)
1. A good tax must possess the characteristic of equality. 2. If the cost of collecting a tax is low relative to the revenue generated, the tax is said to be economical. 3. Interest on the national debt is an insignificant part of the U.S. federal budget. 4. In the United States, income is taxed only by the federal government. 5. The equality-of-sacrifice doctrine would require larger taxes from higher-income groups.
Recent data and analysis confirms that minimum wage laws have significantly increased teenage unemployment
a. True b. False Indicate whether the statement is true or false
Keynesian economists believed that economic slowdowns are self-correcting.
Answer the following statement true (T) or false (F)