Price discrimination leads to higher prices for all consumers
a. True
b. False
Indicate whether the statement is true or false
False
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According to this Application, a common belief is that fiscal multipliers are ________ during ________
A) larger; recessions B) of equal size; recessions and growth periods C) smaller; growth periods D) smaller; recessions
The nominal interest rate is 7% and the real interest rate is 2.75%. What is the inflation rate?
A) 3.75% B) 4.55% C) 4.25% D) 9.75%
All of these are true, except
a. If production exhibits diseconomies of scope, firm should pair down production line to reduce costs. b. If production exhibits diseconomies of scope, firm should pair up production line to reduce costs. c. If production exhibits economies of scope, firm should pair up production line to reduce costs. d. If production exhibits economies of scope, firm should pair down production line to increase costs.
When a nation imports a good, its ________ surplus decreases and its ________ surplus increases
A) consumer; producer B) consumer; consumer C) producer; producer D) producer; consumer E) total; consumer