Ha-eun just received a significant increase in salary. Considering this, her demand for which of the following would most likely increase?
a. discounted produce
b. meals in gourmet restaurants
c. frozen foods
d. meals in fast-food restaurants
b. meals in gourmet restaurants
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Until 1987, the primary role of the federal government with regard to public health was _____
a. to regulate the interstate movements of physicians b. to regulate medicines to ensure a minimal level of quality c. to control epidemics through the control and quarantine of ports of entry d. to pay for the health care of the indigent
Mouthwash is sold in 24 oz bottles for $2.40 and in 12 oz. bottles for $1.20. This represents
A) price differentiation. B) price discrimination. C) marginal cost pricing. D) None of the above.
General sales taxes, excise taxes, customs duties, business property taxes, and license fees are all part of
a. indirect business taxes b. income taxes c. disproportionate taxes d. capital depreciation e. progressive taxes
When a depreciation in the nation's real effective exchange rate initially lowers the trade balance and then increases it, economists refer to the phenomenon as:
a. the K-curve effect. b. the J-curve effect. c. the real balances effect. d. the marginal propensity to import.