Certain hotels offer promotional strategies in which kids under 12 eat free at the hotel's restaurant. This is an example of second-degree price discrimination
Indicate whether the statement is true or false
FALSE
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A main reason why the U.S. trade deficit grew so large from 1997 to 2000 was that
A. Congress removed all tariffs and trade restrictions on imports. B. NAFTA was introduced and Mexican exports flooded the United States. C. the international value of the dollar fell during the 1990s, which encouraged U.S. exports. D. the international value of the dollar rose in the last half of the 1990s, which encouraged U.S. imports and damaged U.S. exports.
According to the theory of efficiency wages, it may be profitable for firms to keep wages high even in the presence of a surplus of labor
a. True b. False Indicate whether the statement is true or false
A competitive capital market is important to society because it directs resources toward projects that
What will be an ideal response?
If the United States has a $300 billion trade deficit, then there must be:
A. no capital inflows or capital outflows. B. net capital outflows of $300 billion. C. net capital inflows of $300 billion. D. net capital inflows of -$300 billion.