For direct price discrimination to work,
a. The firm need not be able to identify members of the low-value group
b. The firm must charge a single price to all its customers
c. The firm need not worry about any arbitrage since all its customers are charged the same price
d. None of the above
d
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Which type of unemployment leads to a natural rate of unemployment above zero?
A. The natural rate of unemployment is always zero. B. Frictional unemployment C. Unemployment of government workers D. Cyclical unemployment
If MR > MC, a profit-maximizing firm should increase output
Indicate whether the statement is true or false
If the economy grows, the government's budget position should automatically:
a) Worsen b) Improve c) Stay the same d) Decrease with inflation
For which of the following environmental pollutions would we expect that an inverted-U relationship would exist between environmental harm and per capita income?
A. Lead pollution in water B. Sulfur dioxide in air C. Airborne heavy particles D. Carbon dioxide emissions