Quantity discrimination makes sense if
A) buyers of smaller quantities are more price sensitive than buyers of larger quantities.
B) buyers of smaller quantities are less price sensitive than buyers of larger quantities.
C) demand for the good is perfectly elastic.
D) the lower price for larger quantities encourages all consumers to purchase the larger quantity.
B
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Which of the following is TRUE regarding real GDP?
I. Real GDP is the value of the total production of the country's farms, factories, shops, and offices. II. Real GDP rises whenever inflation occurs. III. Real GDP does not measure all that is produced. A) I and II B) I and III C) II and III D) I, II and III
An increased supply of U.S. dollars on the foreign exchange market, all else equal, will result in an appreciation of the U.S. dollar
Indicate whether the statement is true or false
Which of the following is a major reason why the Medicare program is in such financial trouble?
A) Workers are not paying enough into the program. B) The government set reimbursement rates too high. C) Because medical services are subsidized by the government, both consumption by the elderly and the cost of services have increased. D) There is a shortage of medical school applicants.
The _____ is both a forum where farmers decide what their dues will purchase, and an organization that informally coerces payments from them
a. beekeeper's cooperative b. government cooperative c. beekeeper's association d. farmer's association