New smartphone applications are developed to help consumers find the cheapest prices in the neighborhood. Therefore,
A) the local competitive will become more intensive.
B) the prices of goods listed in the application will be lowered.
C) price discrimination will occur against consumers without a smartphone or this application.
D) All of the above.
D
You might also like to view...
Refer to Scenario 14.4. Suppose that a tax is imposed on each unit of the product that John produces. Which curve will shift?
A) Marginal product of labor B) Marginal revenue product of labor C) The supply of labor D) All of the above will shift due to the tax on output.
If you believe that all workers should be paid the same, you believe in the
A) egalitarian principle. B) productivity standard. C) benefits standard. D) comparative worth principle.
If the reserve ratio is 10 percent, $1,400 of additional reserves can create up to
a. $140 of new money. b. $14,000 of new money. c. $140,000 of new money. d. None of the above is correct.
According to the theory of comparative advantage, a country
A. exports goods in which it has absolute advantage. B. imports the goods in which it has a comparative advantage. C. imposes tariffs on goods in which it does not have comparative advantage. D. exports the goods in which its has a comparative advantage.