Economists call the physical cost of changing prices
A) menu costs. B) increasing profits.
C) inflationary suffrage. D) the cost of doing business.
A
You might also like to view...
As a result of pure free trade in a commodity the
a. price of the commodity must be the same in all countries. b. total quantity imported will exceed the total quantity exported. c. price of the commodity will be higher in the producing country. d. price of the commodity will be lower in the producing country.
The average federal matching assistance percentage across the U.S. received by the typical state is approximately _____ percent of overall Medicaid spending.
a. 75 b. 60 c. 50 d. 70 e. 55
The impetus to form an administrative body in Europe after World War II to distribute Marshall Plan aid and coordinate trade and other common issues resulted in three organizations:
A) the WTO, the GATT, and the IMF. B) the European Payments Union, the UN, and the early roots of the European Union. C) the European Payments Union, the European Coal and Steel Community, and Euratom. D) the Eastern bloc, the Warsaw Pact, and NATO.
Ingrid runs a near monopoly. She figures if the company sells its products more cheaply than anyone else can manufacture them now, competitors will go out of business, and then the company can charge prices ten times higher than the current price. This is an example of ______.
a. equilibrium pricing b. competitive pricing c. predatory pricing d. price discrimination