Which of the following is LEAST likely to be able to regularly engage in price discrimination?
A. a university
B. a farmer
C. an airline
D. a producer of copyrighted computer app
Answer: B
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Which of the following is an assumption made while constructing a production possibilities frontier [PPF]?
a. Dynamic technological know-how b. Flexible resource quality c. Fixed resource quantity d. Full and efficient use of resources e. Flexible money supply
If the required reserve ratio is 0.2, what is the demand deposit multiplier?
a. 10.0 b. 0.4 c. 5.0 d. 2.5 e. 1.67
A key consideration in the government's decision in the Staples/Office Depot case was that:
A. Staples charged lower prices in locations that were close to an Office Depot store. B. Staples charged higher prices in locations that were close to an Office Depot store. C. Staples and Office Depot had engaged in explicit price fixing. D. Staples and Office Depot would be a natural monopoly if they were allowed to merge.
As a result of the tax, Swiss chocolate consumption declines by about _____ million boxes.
A. 1
B. 2
C. 4
D. 8