Perfect price discrimination
a. eliminates deadweight loss.
b. reduces profits to the monopolist.
c. decreases the total quantity sold by the monopolist.
d. requires arbitrage in order for the monopolist to maximize profits.
a
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What is the International Monetary Fund and what are its primary goals?
What will be an ideal response?
Standby letters of credit
A) are a form of swaps. B) are a promise by a bank to lend the borrower funds to pay off its maturing commercial paper. C) are a promise by a large depositor to provide additional funds to a bank should the bank face an unexpectedly large deposit outflow. D) represent the unused balance on a bank credit card.
Changes in business inventories are known as
A) consumer durable. B) consumption goods. C) fixed investment. D) inventory investment.
Which of the following is true?
a. Changes in personal costs and benefits will exert a predictable impact on the choices of human decision makers. b. Only direct monetary costs matter in making decisions. c. If a good is provided free to an individual, its production will not consume valuable scarce resources. d. Secondary effects are seldom of importance in economics.