Which of the following undermines a firm's ability to engage in price discrimination?
A) the seller's ability to segment the total market
B) the inability to prevent resale of the product from one market segment to another
C) the seller's market power
D) buyers having different elasticities of demand for the product
B
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It is easy to sign contracts for gym membership, but if one rarely goes to the gym a gap exists between _______ and behavior
a. Resources b. Values (hope) c. Attitudes d. Ethics
In the simple circular flow model, if planned I exceeds planned S, then
a. the economy is not at equilibrium. b. the size of the circular flow is increasing. c. if the economy is at full employment, then prices will rise. d. All of these.
How much cloth production would Wendy forfeit in a day in order to produce 6 pounds of food?
a. 3 yards
b. 2 yards
c. 1 yard
d. 1/2 yard
A period of significant decline in economic activity, marked by falling GDP, rising unemployment, and an increased number of bankruptcies, is called:
A. a boom. B. a recession. C. an expansion. D. a severe depression.