Which of the following would not be categorized as a form of third-degree price discrimination?
A) Group pricing.
B) Promotional pricing.
C) Versioning.
D) Personalized pricing.
D
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Which would be an example of a price ceiling?
A) rent controls. B) a legally-specified maximum interest rate on student loans. C) government-mandated lower prices and fees charged by physicians. D) all of the above. E) none of the above.
The U.S. economy remains subject to frequent boom and bust cycles. Throughout U.S. history, policymakers after the Great Depression often
(a) raise or lower taxes and spending to adjust aggregate demand and thereby smooth the business cycle. (b) take a hands-off approach to the business cycle. (c) consult with world organizations on how to address cyclic fluctuations. (d) close economies to international trade.
A game in which any gains by the group are exactly offset by equal losses by the end of the game is called the
A) negative-sum game. B) zero-sum game. C) positive-sum game. D) cooperative game.
Which of the following represents why private production tends to be more efficient then government production?
What will be an ideal response?