The situation in which a firm charges different prices for different blocks of output is referred to as:
A) first-degree price discrimination.
B) second-degree price discrimination.
C) third-degree price discrimination.
D) fourth-degree price discrimination.
B
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Unemployment rates ________________ over time.
a. increase b. fluctuate c. decrease d. stabilize
If the income elasticity for a particular good is 0.8, we would expect to see that good
a. taxed more often b. consumed in wealthier countries c. on supermarket shelves d. consumed in high-income neighborhoods e. consumed in low-income communities
What is the main objective of ECB monetary policy?
(a) A stable unemployment rate. (b) To eliminate government deficits. (c) A low and stable inflation rate. (d) None of the above.
After accounting for differing _________ as well as _________, evidence for many countries is broadly consistent with the HeckscherOhlin model.
a. factor productivities; factor endowments b. preferences; factor productivities c. preferences; factor endowments d. factor endowments; generalities