Price discrimination by sellers usually results in
A) coercing people into buying goods they don't want to purchase.
B) coercing people into paying higher prices than they want to pay.
C) less total but more net revenue for the seller.
D) new and additional opportunities for some buyers.
D
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Which of the following goods is directly counted in GDP?
A) the pepperoni that Pizza Hut purchases for its pizzas B) the cheese that Pizza Hut purchases for its pizzas C) the large Pizza Hut pizza purchased by a family for dinner D) the boxes that Pizza Hut purchases to box its pizzas
In 2010, about
A) 20 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars. B) 10 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars. C) 30 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars. D) 40 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars. E) 85 percent of foreign exchange transactions involved exchanges of foreign currencies for U.S. dollars.
Suppose the base year of the CPI is 2010, and the CPI calculated for 2012 was 102. What is the correct interpretation of this number?
A. Average prices in the economy have increased by 102 % since 2010. B. Average prices in the economy have increased by 1.9 % since 2010. C. The cost of living for a typical consumer is 2 % higher than it was in 2010. D. The average goods of all consumers has risen an average of 2 % from 2010 to 2012.
The foreign holdings of U.S. dollars
a. are hard to explain since the dollar is not legal tender outside the United States. b. have decreased substantially during the last decade. c. indicate that foreigners have confidence in the monetary policy and economy of the United States. d. are largely held in countries with a lengthy historical record of monetary and price stability.