Price discrimination is the
A) refusal by a firm to sell to all customers.
B) selling of a given product at more than one price when the price differences reflect cost differences.
C) pricing of a product so that not everyone can afford it.
D) selling of a given product at more than one price when the price difference is unrelated to cost differences.
D
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If the current price of a bond is greater than its face value
A) an investor will receive a capital gain by holding the bond until maturity. B) the yield to maturity must be less than the coupon rate. C) the coupon rate must be less than the current yield. D) the coupon rate must be equal to the current yield.
One way to estimate GDP is to:
A. add together the market value of only final goods sold in the economy and not services. B. measure the total expenditure of an economy. C. add together the market value of only final services sold in the economy. D. add up all the money people spend buying final and intermediate goods and services.
If you returned a $5 Federal Reserve note to the Fed, you could receive: a. $5 in silver
b. $5 in gold. c. 5 one-dollar bills. d. 10 one-dollar bills. e. a small gold bar.
If there is a negative externality associated with the production of chewing gum, then the most efficient allocation of resources in gum production occurs at the intersection of the
a. demand curve and the private cost curve b. demand curve and the externality curve c. demand curve and the social cost curve d. social cost curve and the private cost curve e. private cost curve and the externality cost curve