Advance-purchase discounts offered by airlines are an example of
a. Direct price discrimination
b. Indirect price discrimination
c. All of the above
d. None of the above
b
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Which of the following are TRUE for discount bonds?
A) A discount bond is bought at par. B) The purchaser receives the face value of the bond at the maturity date. C) U.S. Treasury bonds and notes are examples of discount bonds. D) The purchaser receives the par value at maturity plus any capital gains.
With the total cost and total revenue curves, we measure economic profit by the __________ between the two curves. With the per-unit curves, we measure economic profit by a(n) __________
a. vertical distance, horizontal distance b. vertical distance, area c. area, area d. area, vertical distance e. horizontal distance, area
Which of the following statements is correct?
a. Opportunity costs equal explicit minus implicit costs. b. Economists consider opportunity costs to be included in a firm's total revenues. c. Economists consider opportunity costs to be included in a firm's costs of production. d. All of the above are correct.
In the winter of 2001–2002, Argentina’s overvalued currency reflected a(n)
A. balance of payments surplus. B. balance of payments deficit. C. surplus of exports over imports. D. excess demand for Thai currency.