Senior citizens can buy movie tickets at a lower price than the general public. This is an example of
A) age discrimination.
B) demand discrimination.
C) price discrimination.
D) price differentiation.
C
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The United States, as it began its long and successful growth in the early 19th century, consciously promoted domestic production through such activities as tariffs, Clay's American System, and many direct subsidies to railroads, canal companies,
farmers (free land) etc. Today we view this blatant example of large scale and extensive import-substitution industrialization as having been very successful. Comment on this.
If expansionary monetary policy reduces real interest rates in the United States, which of the following is most likely to occur?
a. Net foreign investment will decline, causing the dollar to depreciate and net exports to increase. b. Net foreign investment will decline, causing the dollar to appreciate and net exports to decrease. c. Net foreign investment will increase, causing the dollar to appreciate and net exports to decline. d. Net foreign investment will increase, causing the dollar to depreciate and net exports to increase.
In pure competition, marginal revenue is:
A. equal to total revenue. B. less than product price. C. equal to product price. D. greater than product price.
According to Keynes, unemployment results from
A. Flexible wages and price. B. Increased business investment that reduces consumer spending. C. Insufficient spending on the part of consumers, business, and government. D. Increased government spending that reduces consumer spending.