Which of the following is not an example of price discrimination?
A) Unlike foreign tourists, citizens of Cambodia are exempted from paying an admission fee to the temples of Angkor.
B) Senior citizens may purchase special fare tickets for public transportation that are not available to others.
C) Adobe Systems offers software at discounted prices to students and faculty at K-12 and university levels.
D) Buyers at an automotive parts store receive a discount for bulk buying because the store is able to pass on to its customers some of the lower average cost for producing large quantities.
D
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A heterodox model would not call for freezing wages and prices, but an orthodox one would
Indicate whether the statement is true or false
Identify which of the following people would be considered either employed, unemployed, or not in the labor force:
a. Alejandro just lost his job at an automobile assembly plant and is looking for work in another industry. b. Bonnie quit her job 6 months ago to take care of her newborn triplets. c. Cheyenne just received her bachelor's degree in accounting and is going to backpack through Europe for 6 months before seeking employment as an auditor. d. Danitra owns a talent agency which provides clowns for children's birthday parties. e. Edgar is a full-time student and is working 10 hours each week as a lab assistant at Faber College. f. Flavio was awarded a $10 million settlement from his former employer and has chosen to retire.
Sam lives in a town with a population of 3,000 . He says, "This town really needs a pizza restaurant. People want pizza and would be willing to pay a lot for it, but no one will open a pizza place because they couldn't make any money." Evaluate Sam's statement
The individual who brings together economic resources and assumes the risk in a capitalist economy is called the:
A. stockbroker. B. banker. C. manager. D. entrepreneur.