Club Med, which operates a number of vacation resorts, offers vacation packages at a lower price in the winter (i.e., the "off season") than in the summer. This practice is an example of:
A) peak-load pricing.
B) intertemporal price discrimination.
C) two-part tariff.
D) bundling.
E) Both A and B are correct.
E
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Open market operations are when the Fed buys or sells
A) government securities from the government. B) corporate securities from banks or some other business. C) government securities from banks or some other business. D) corporate securities from the government. E) gold.
Refer to the figure above. What is the producer surplus in the market?
A) $20 B) $40 C) $60 D) $80
How many members are there on the Board of Governors of the Federal Reserve?
a. 12 b. 50 c. 7 d. 4 e. 14
An increase in the growth rate of population in a steady-state economy would cause
A. a pivot up and to the left in the investment line. B. a pivot down and to the right in the investment line. C. a parallel shift downward in the investment line. D. a parallel shift upward in the investment line.