A successful strategy of price discrimination requires that a firm be a price taker
Indicate whether the statement is true or false
FALSE
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Use the figure below to answer the next question. 
Growth of production capacity is shown by the
A. shift from CD to AB. B. movement away from point B and toward point A. C. movement away from point A and toward point B. D. shift from AB to CD.
The ability of a central bank to set monetary policy instruments is
A) political independence. B) goal independence. C) policy independence. D) instrument independence.
Suppose the 12-month interest rate on a U.S. Treasury bill is 16 percent, and the one-year interest rate on a comparable British Treasury bill is 6 percent. The exchange rate today is $2.00 per pound. What must be the expected exchange rate at maturity for interest rate parity to hold?
a. $1.00 = 0.50 pound b. $1.00 = 0.75 pound c. 1 pound = $2.20 d. 1 pound = $1.80 e. 1 pound = $2.50
In the circular flow diagram, households sell _________ to business firms.
a. information b. products c. services d. labor