Fast Stop, a gasoline and grocery quick mart, charges $3 for one hot dog and $5 for two hot dogs. This is an example of ________.
A) an all-or-nothing offer
B) third-degree price discrimination
C) second-degree price discrimination
D) two-part pricing
C) second-degree price discrimination
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A side effect of an action that adversely affects the well-being of others is called a
A. complement. B. supplement. C. negative externality. D. marginal cost.
If Maria changes the prices of her products because she anticipates a change in government economic policies, her behaviour exemplifies ______.
a. a sacrifice ratio b. gradualism c. indexing d. rational expectations theory
Which of the following is a positive statement?
A. When tax revenues are less than government spending there is a budget deficit. B. Inflation is the most damaging thing that can occur in an economy. C. We need to carefully protect our borders. D. Foreign aid should be reduced to help reduce the national debt.
Economists Novy-Marx and Rauh contend that if San Francisco wanted to adequately fund its pension systems for its public workers, it would have to put on
A. a one-time tax of nearly $35,000 per household. B. an annual tax of only $35 per household. C. an annual tax of nearly $35,000 per household. D. a one-time tax of nearly $350,000 per household.