The impact of expansionary fiscal policy is weakened because of crowding out.
a. true
b. false
Ans: a. true
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Bargain airline fares in which airlines charge varying rates to passengers for the same flight and service is an example of
A. market penetration. B. transaction pricing. C. collusion. D. price discrimination.
It is illegal for business to price discriminate when selling goods to other businesses unless
a. Price discounts are cost-justified b. Discounts are offered to meet competitors' price c. Both a and b d. It is not illegal for businesses to price discriminate
Consider the following figure that shows a competitive firm on the left panel and a competitive market on the right panel. Assuming all the firms in the market are identical, there are _____ firms in this industry.
a. ?50 b. ?2,000 c. ?40 d. ?60 e. ?2,500
France, Germany, and Italy are:
A. all members of the European Union but not the Euro system. B. not members of either the Euro system or the European Union; they have their own economic union. C. all members of the Euro system but not the European Union. D. all members of the European Union and the Euro system.