Price discrimination is usually defined as selling a product to different customers at
A. the same price as costs of service are the same.
B. the same price even though costs of service are different.
C. different prices as costs of service are different.
D. different prices even though costs of service are the same.
Answer: D
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The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Monique buys a new television for $795. She receives consumer surplus of $355 from the purchase. How much does Monique value her television?
A) $355 B) $440 C) $795 D) $1150
An expansionary monetary policy in the United States should
A) cause the dollar to appreciate. B) decrease the foreign currency price of U.S. exports. C) decrease net exports. D) decrease the dollar price of imports.
A production possibilities curve represents
What will be an ideal response?