Which of the following is true of successful price discriminators?
a. They make greater profits than by charging everyone a uniform price
b. Their customers must have different willingness to pay.
c. Their customers must have difficulty reselling the good to other customers.
d. All of the above are true of successful price discriminators.
d
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Refer to Scenario 9.1. If Monty places ________ sheep on the commons, Sheb is better off placing ________ on the commons
A) 4; 4 B) 5; 4 C) 5; 5 D) Both A and B are correct.
If the exchange rate changes from $2.00 = £1 to $2.01 = £1 then
A) the dollar has appreciated. B) the British pound has depreciated. C) the dollar has depreciated. D) the British pound has stayed constant in value.
The monetary efficiency
A) loss from pegging the Norwegian krone to the euro (for example) will be higher if factors of production can migrate freely between Norway and the euro area. B) gain from pegging the Norwegian krone to the euro (for example) will be lower if factors of production can migrate freely between Norway and the euro area. C) gain from pegging the Norwegian krone to the euro (for example) will be higher if factors of production can not migrate freely between Norway and the euro area. D) gain from pegging say the Norwegian krone to the euro (for example) will be higher if factors of production can migrate freely between Norway and the euro area. E) gain or loss from pegging the Norwegian krone to the Euro cannot be predicted using the available information.
Which of the following represents a good time for a country's government to use its fiscal policy to increase taxes:
A. While the economy is expanding B. When a recession lasts too long C. When inflation is too high D. While the economy is contracting