Recall the Application about price discrimination using refillable soda bottles to answer the following question(s).According to the Application, allowing stores to give discounts to patrons who use refillable soda bottles benefits:
A. both the stores and the consumers.
B. the stores only.
C. consumers only.
D. neither the stores nor the consumers.
Answer: A
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What will be an ideal response?
In facilitating the transition from a centrally planned to a market-oriented economy, explain the difference between the "shock therapy" versus "gradualism" approach
What will be an ideal response?
If the nominal interest rate is 6.3 percent and the inflation rate is 7.2 percent, then the real interest rate equals:
a. - 13.5 percent. b. + 13.5 percent. c. - 0.9 percent. d. -7.2 percent. e. + 1.1 percent.
Concerns over unpleasant or unsafe standards of foreign labor do not affect most of U.S. trade because most U.S. trade is intra-industry and carried out with
a. high-income countries that have labor standards similar to the United States. b. low-income countries that have labor standards similar to the United States. c. high-income countries that have lower labor standards than the United States. d. low-income countries that have lower labor standards than the United States.