To practice second-degree price discrimination
A) different markets must be able to communicate with each other.
B) different markets must have the same number of customers.
C) similar markets must have similar elasticities.
D) different markets must have different elasticities.
D
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Refer to the scenario above. Based on the given information, we can conclude that the market for used cars has ________
A) information asymmetry B) a perfectly competitive structure C) positive externalities D) negative externalities
Refer to Table 2-5. If the two countries specialize and trade, who should export lumber?
A) They should both be exporting lumber. B) Finland C) There is no basis for trade between the two countries. D) Estonia
In the Keynesian framework, as long as output is ________ the equilibrium level, unplanned inventory investment will remain ________, firms will continue to lower production, and output will continue to fall
A) below; negative B) above; negative C) below; positive D) above; positive
Changes in liquidity in the banking system affect ________
A) the nominal interest rate B) the real interest rate C) the federal funds rate D) all of the above E) none of the above