Which statement is true?
A. Perfect price discrimination is very common.
B. Perfect price discrimination would eliminate consumer surplus.
C. Charging different prices to senior citizens, children, and adults under 65 is an example of perfect price discrimination.
D. None of the statements are true.
B. Perfect price discrimination would eliminate consumer surplus.
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Wealth differs from income in that
A) income measures value at a point in time and wealth measures value over a period of time. B) income measures value over a period of time and wealth measures value at a point in time. C) income is what you own and wealth is what you earn. D) wealth can be measured in dollars and income cannot.
A positive cost-benefit ration implies that the activity or program should be undertaken
a. True b. False
In which zone will small shifts in AD, either to the right or the left, have relatively little effect on the output level, but instead will have greater effect on the price level?
a. Keynesian b. Neoclassical c. Intermediate d. Equilibrium
During the past quarter of a century, which of the following has contributed to the economic growth of China?
a. agricultural reforms adopted in the late 1970s b. low taxes and deregulation in the special economic zones that were established during the 1980s c. the relaxation of restraints on foreign trade and joint ventures d. all of the above