Bundling:
A. is the practice of selling a single product in bulk at a reduced per unit price.
B. is the practice of selling several products together as a package.
C. is the practice of selling the same good to different types of consumers at different prices.
D. is the practice of selling different goods to different types of consumers at different prices.
B. is the practice of selling several products together as a package.
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Compared to the GDP deflator, the consumer price index measures:
A) the price of all the goods and services produced in the economy. B) the price of a fixed market basket of goods and services. C) the price of exported goods and services. D) the price of wholesale goods and services.
Suppose the new doctor you found in the yellow pages turns out to be a charlatan. This is an example of
a. natural selection b. moral hazard c. hidden actions d. external costs e. hidden characteristics
The less liquid markets are the:
A. less willing people are to save, and the higher the interest rates. B. more willing people are to save and the higher the interest rates. C. less willing people are to save, and the lower the interest rates. D. more willing people are to save, and the lower the interest rates.
When the Fed conducts an open market sale, it
A) raises interest rates and increases the money supply. B) raises interest rates and reduces the money supply. C) lowers interest rates and reduces the money supply. D) lowers interest rates and increases the money supply.