Sellers may choose not to sell in certain markets because:
a. it is possible to practice price discrimination against customers
b. buyers are unable to perceive the high quality of their goods and are, therefore, less willing to pay for them.
c. they are able to impose negative externalities on third parties.
d. an above-average profit potential is projected.
b
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The above table gives data for the nation of Mouseville. There are no imports into or exports from Mouseville. Unplanned inventory changes are zero when real GDP equals
A) $300 billion. B) $500 billion. C) $900 billion. D) $700 billion. E) $800 billion.
The current account balance is defined as
A) the value of exports - the value of imports. B) the amount of exported capital assets + net interest income. C) the value of exports - the value of imports + net interest income + net transfers. D) the difference between the import and export of official reserves.
What is an example of a barter system?
What will be an ideal response?
The type of unemployment that occurs because of a recession is called:
A. frictional unemployment. B. seasonal unemployment. C. natural unemployment. D. cyclical unemployment.