The conditions for successful price discrimination include
a. some ability for the firm to set the price.
b. strong barriers segmenting markets.
c. an inability for any customer to resell the product.
d. All of the above.
d. All of the above.
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Refer to Figure 2-8. If the two countries have the same amount of resources and the same technological knowledge, which country has an absolute advantage in the production of both pineapples and coconuts?
A) Costa Rica B) Guatemala C) neither country D) cannot be determined
If you have a checking account at a local bank, your bank account there is a(n)
A. asset to the bank and an asset to you. B. liability of the bank and a liability of yours. C. liability of the bank and an asset to you. D. asset to the bank and a liability of yours.
Real-wage unemployment can be caused by which of the following?
A. Retraining programs B. Low-interest student loans C. Minimum wage laws D. None of these cause real-wage unemployment.
If there is a decrease in the percentage of employees whose wages adjust automatically with changes in the price level, the aggregate supply curve will become
A. horizontal. B. steeper. C. flatter. D. vertical.