A monopolist earns higher profits by charging one price than by practicing price discrimination
a. True
b. False
Indicate whether the statement is true or false
False
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During the last decade, the price of a computer fell every year and the quantity sold increased every year. This experience suggests that the
A) "law of demand" was definitely contradicted. B) "law of supply" was definitely contradicted. C) demand curve shifted rightward. D) supply curve shifted rightward.
The regulatory agency that sets reserve requirements for all banks is
A) the Federal Reserve System. B) the Federal Deposit Insurance Corporation. C) the Office of Thrift Supervision. D) the Securities and Exchange Commission.
Suppose that a German citizen crosses the border each day to work in Switzerland. Her income from this job would be counted in:
a. Swiss GNP and German GNP. b. Swiss GNP and German GDP. c. Swiss GDP and German GNP. d. Swiss GDP and German GDP.
Refer to the scenario above. If the individual places his bet on one pocket, his likelihood of winning is:
A) 0.50%. B) 1%. C) 2%. D) 5%.