Laws that assign owners the rights to use assets as they see fit are called
A. human rights.
B. economic rights.
C. property rights.
D. government rights.
Answer: C
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The biggest problem caused by a deflation is that
A) prices fall. B) wages fall. C) interest rates rise. D) people cannot repay their debts.
The utility of a good is:
a. different for different consumers. b. the same for all consumers. c. constant no matter how much is consumed. d. related to the cost of producing it. e. easily measured.
Which of the following would NOT be considered price discrimination?
A. charging business travelers more money than leisure travelers for plane tickets B. charging houses in expensive neighborhoods more money for mowing the same size lawn than in a less expensive neighborhood C. charging a lower price for dry cleaning men's shirts than women's shirts D. charging more money for a large luxury car than a small economy car
Which of the following will cause, other things being equal, a movement along the supply curve for HDTVs?
A) an improvement in the technology of producing HDTVs B) an increase in resource costs for producing HDTVs C) a reduction in the price of HDTVs D) an expectation that the price of HDTVs will be lower in the future