A fixed exchange rate regime enhances the power of a country's central bank
Indicate whether the statement is true or false
False
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The local bakery makes such great cinnamon rolls that consumers do not respond much at all to a change in the price. If the owner is only interested in increasing revenue, she should
a. lower the price of the cinnamon rolls. b. leave the price of the cinnamon rolls unchanged. c. raise the price of the cinnamon rolls. d. reduce costs.
If tourists are charged a much higher price than the natives of a country for exactly the same item, what kind of pricing is involved?
A. Competitive pricing. B. MC = MR pricing. C. Monopoly pricing. D. Price discrimination.
A depreciation of the dollar will cause an increase in the Consumer Price Index.
Answer the following statement true (T) or false (F)
You decide to donate $5 to Jerry's Kids at the grocery store checkout, and get to sign your name to a shamrock and hang it in their window. This is an example of the economic concept of:
A. selfishness. B. marginal utility. C. reciprocity. D. altruism.