At what price level would RGDP demanded be $19 trillion?
a. 50
b. 60
c. 70
d. 80
c. 70
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Which of the following is NOT an example of the hurdle method of price discrimination?
A. Offering a mail-in rebate. B. Charging less for airline tickets if the trip includes a Saturday night stayover. C. Permanently reducing all prices by 10%. D. Giving a discount on movie tickets to people with a student ID.
A moral hazard arises when
A. high-risk individuals are unable to find insurance. B. insurance leads the insured to be less careful. C. risk-averse individuals purchase insurance. D. insurers are unable to fully pay legitimate claims.
Using above table, how much is contributed to the GDP from the production of the textbook?
A. $32.00 B. $118.90 C. $78.90 D. $40.00
What is the extent of income inequality among nations? Explain, citing relevant data on incomes received by populations and total GDP in the United States and developing nations.
What will be an ideal response?