An example of price discrimination is the price charged for:
a. a postage stamp.
b. theater tickets that offer lower prices for children.
c. an economics textbook at a campus bookstore.
d. Any of these.
b
You might also like to view...
________ flexible wages and prices imply that the short-run aggregate supply curve is ________
A) More; flatter B) Less; steeper C) less; vertical D) More; steeper
What is used to illustrate an independent relationship between two variables?
a. A horizontal or vertical line b. An upward-sloping curve c. A downward-sloping curve d. A hill-shaped curve
An effective expansionary fiscal policy will:
A. reduce a cyclical deficit but necessarily increase the actual deficit. B. reduce the cyclically adjusted deficit. C. increase the cyclically adjusted deficit but reduce the actual deficit. D. always result in a balanced actual budget once full employment is achieved.
If private bargaining to resolve an externality is to result in an efficient outcome,
A. there must be direct regulation of externalities. B. rights must be protected by liability rules. C. the initial assignment of rights must be clear to both parties. D. there must be tradable pollution rights.