Perfect price discrimination:
A. eliminates all consumer surplus.
B. maximizes producer surplus.
C. creates no deadweight loss.
D. All of these statements are true.
D. All of these statements are true.
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Which of the following is a barrier to economic growth in many developing nations?
A) the shortage of labor B) the lack of natural resources C) the lack of economic freedom D) the low level of restrictions in the labor market
The rule of rational choice suggests that you will engage in more of an activity if: a. the total benefit from that activity exceeds the total cost of the activity
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For about the last 45 years, state and local taxes have remained relatively constant as a percentage of GDP
a. True b. False Indicate whether the statement is true or false