For which of the following products would price discrimination be easiest?
a. orange juice
b. diamonds
c. compact disks
d. haircuts
e. gasoline
D
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The most commonly expressed arguments for protection tend to be largely invalid
Indicate whether the statement is true or false
As an individual, you cannot participate in the financial markets to issue new stock or sell new bonds because
A) it is too costly for individual savers to research your credit worthiness. B) you have a bad reputation. C) your good reputation is insufficient to convince savers. D) your bank has foreclosed on your automobile loan.
Suppose the U.S. government banned the sale and production of cigarettes. Which of the following would be most likely to occur?
a. No one would smoke anymore. b. The amount of violence involved in the buying and selling of cigarettes would increase. c. The price of cigarettes would decrease. d. The supply for cigarettes would become elastic.
Which of the following is NOT commonly regarded as an emerging nation?
A. India B. China C. Bangladesh D. Mexico