An expansion is usually associated with rising price levels.
Answer the following statement true (T) or false (F)
True
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The local pizza place sells 1 large pizza for $7.99 or 2 large pizzas for $11.99. The pizza joint is engaging in ________.
A. second-degree price discrimination B. first-degree price discrimination C. regular price discrimination D. third-degree price discrimination
As a manager holding an auction with correlated or common values, you want buyers to place bids that are ________ their estimated ________ and sellers to place bids that are close to their estimated ________.
A) close to; valuations; costs B) far from; valuations; costs C) close to; costs; valuations D) far from; costs; valuations
Which of the following is a legal remedy for a breach of the contract between parties?
a. Liquidated damages b. Imprisonment c. Unitization d. Specificity
In order to calculate the real interest rate, simply:
A. add the rate of inflation to the nominal interest rate. B. divide the nominal interest earned by the rate of inflation. C. subtract the rate of inflation from the nominal interest rate. D. subtract the nominal interest rate from the rate of inflation.