Which of the following helps a monopoly perfectly price discriminate?
A) unit demand by each consumer
B) the product is perishable
C) the product is personalizable
D) All of the above.
D
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The cyclically adjusted budget deficit calculates the budget surplus or deficit at
A) potential GDP. B) average GDP. C) real GDP. D) nominal GDP.
Which of the following is indicated by the data on real income per person for various countries over the past 100 or so years?
a. If, in a relatively poor country, real income per person had grown by 3.5 percent per year for the last 100 years, it would be a relatively rich country today. b. Rich countries became richer and poor countries became poorer. c. In the United States, real income per person today is about four times as high as it was 120 years ago. d. All of the above are correct.
The primary objective of an imperfectly competitive firm is to:
A. maximize profit. B. charge the highest possible price. C. minimize total cost. D. maximize total revenue.
In a simple circular flow diagram, who supplies factors of production in markets and who buys these factors of production? Who supplies goods and services in markets and who buys these goods and services?
What will be an ideal response?