During which period did the United States experience a trade surplus on goods and services?
a. 1970–1979
b. 1980–1989
c. 1990–1999
d. 2000–2009
a. 1970–1979
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If High Tech Tablets brings a new personal tablet at a price of $200 for the first three months and then reduces the price of the tablet to $125, this is an example of ________.
A) first-degree price discrimination B) arbitrage C) market segmentation D) second-degree price discrimination
The financial amount that a risk averse person requires to take on risk is called:
a. risk arbitrage. b. risk bonus. c. risk premium. d. risk capital. e. risk rate.
Which of the following statements about a monopolist is FALSE?
A. A pure monopolist is not the same as a perfect competitor. B. A pure monopolist is the sole supplier of one product, good, or service. C. The monopolist faces a demand curve for the entire market for that good. D. The monopolist faces the industry demand curve, which is upward sloping.
Refer to the information provided in Table 23.9 below to answer the question(s) that follow. Table 23.9
Refer to Table 23.9. At an aggregate output level of $400 billion, aggregate saving
A. equals -$20 billion. B. equals $0. C. equals $20 billion. D. cannot be determined from this information.