A luxury good is one whose demand ______ as income increases.
A. decreases
B. does not change
C. rises sharply
D. rises slightly
Answer: C
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Fast Technology sells its computers and monitors separately, but also sells them as a package. This is an example of ________.
A) mixed bundling B) two-part pricing C) an all-or-nothing offer D) pure bundling
Affirmative action programs,
a. according to critics, are clearly quota systems that lead to reverse discrimination. b. according to supporters, make efforts to find qualified minorities and women and hire them. c. according to critics, clearly lead to the hiring of unqualified people and thus reduce efficiency. d. All of the above are true.
In a floating exchange rate system, the capital account balance equals the negative of the current account balance.
Answer the following statement true (T) or false (F)
Andrew is willing to pay $50,000 for a college education, yet the tuition cost at the college to which he was accepted is $75,000. Under what condition would it be efficient for the government to pay for the last $25,000 of Andrew's education?
What will be an ideal response?