Which of the following would not be considered price discrimination?
a. setting separate rates for residential and commercial uses of electricity
b. giving a senior citizen discount at restaurants
c. renting recently released videos at a higher price than the old classic videos
d. giving children a discount at the movies
e. giving students a discount on ski lift tickets
C
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More education guarantees a higher income and escaping poverty
Indicate whether the statement is true or false
Studies have shown that when people are asked to imagine a hypothetical illness, the amount of money they say they would be willing to pay to avoid getting the illness is ________ they would be willing to pay for a cure if they were already sick.
A. more than B. the same as C. unrelated to the amount D. less than
Refer to the graph shown. Initially, the market is in equilibrium with price equal to $25 and quantity equal to 100. As a result of a per-unit tax imposed by the government, the supply curve shifts from S0 to S1. The effect of the tax is to:
A. raise the price consumers pay from $25 to $30. B. lower the price sellers keep after paying the tax from $25 to $20. C. lower the price consumers pay from $25 to $15. D. raise the price sellers keep after paying the tax from $25 to $30.
The Patient Protection and Affordable Care Act
A. increases the size of the Medicare Part D (prescription drug) "donut hole." B. has no impact on Medicaid. C. reduces the size of the Medicare Part D (prescription drug) "donut hole." D. has no impact on Medicare.