Second-degree price discrimination:
A. is the practice of posting a discrete schedule of declining prices for different ranges of quantities.
B. results in transfer pricing.
C. eliminates the problem of double marginalization.
D. None of the answers are correct.
Answer: A
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The Fed prefers to focus on inflation based on which price index?
A) personal consumption expenditures price index B) consumer price index C) GDP deflator D) producer price index
Left to their own, private markets tend to:
a. under-allocate resources to public goods. b. allocate the economically efficient amount of resources to public goods. c. over-allocate resources to public goods. d. produce no public goods.
The largest expenditure component of U.S. GDP is:
A. consumption. B. investment. C. exports. D. government purchases.
Productivity is a measure of
A. Input per dollar of output. B. Output per unit of input. C. Input per unit of output. D. Output per dollar of input.