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.
Answer: C
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U.S. Gross Domestic Product (GDP) does NOT include which of the following?
A) the value of goods produced in a foreign country by U.S. owned firms B) the purchase of all final goods and services by U.S. households C) U.S. exports to other countries D) business investment in the United States
A single-period duopoly firm can choose output level A or B. The firm decides it will produce level A regardless of what the other firm produces. This decision may occur because
A) producing the output level A is a dominant strategy. B) this firm has simply decided to always produce at level A. C) Both A and B are possible. D) None of the above.
In a pure flexible exchange rate system, deficits and surpluses in the balance of payments: a. are accommodated by financial borrowings. b. are accommodated by reserve movements. c. tend to disappear automatically
d. either b. or c.
A downward-sloping portion of a long-run average total cost curve is the result of:
A. economies of scale. B. diseconomies of scale. C. diminishing returns. D. the existence of fixed resources.