With a two-part tariff:
A. consumers simply pay a fixed fee if they buy anything at all.
B. consumers pay a fixed fee if they buy anything at all, plus a separate per-unit price for each unit they buy.
C. consumers pay a fixed fee if they buy anything at all, plus an annual fee for the right to purchase anything.
D. consumers simply pay a fee for the right to buy anything.
B. consumers pay a fixed fee if they buy anything at all, plus a separate per-unit price for each unit they buy.
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A budget constraint:
A. shows a constant dollar amount spent on different combinations of goods, and each bundle brings the same utility. B. shows a constant dollar amount spent on different combinations of goods, and each bundle brings a different amount of utility. C. shows a constant amount of utility gained by consuming different combinations of goods, and each bundle costs the same. D. None of these is true.
When deciding what to use as money, one characteristic to look for is its:
A. convenience. B. exchange value. C. intrinsic value. D. shape.
The argument against greater equality in the distribution of income in the United States hinges predominantly on
A. Loss of incentives. B. The loss of horizontal equity. C. A higher marginal revenue product. D. Greater productivity.
The Sherman Antitrust Act of 1890 prohibited
A) export tariffs. B) attempts to restrain trade. C) all existing monopolies. D) interstate commerce.