A sales tax is an example of a(n)
a. payments tax
b. property tax
c. use tax
d. excise tax
e. company tax
D
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Suppose an economist stated that Brazil had achieved its potential GDP 2013. This would imply that at this level of real GDP, Brazil experienced
A) peak in its business cycle in 2013. B) unemployment equal to zero. C) inflation equal to zero. D) full employment. E) a negative Okun Ga
Answer the following statements true (T) or false (F)
1) It is not possible for a single firm to combine different types of nonlinear pricing. 2) In order to practice any of the advanced pricing techniques, a firm must have some market power. 3) If a firm offers a quantity discount, this is an example of an all-or-nothing offer. 4) If Healthy Bars labels its snack bars "not for resale", Healthy Bars is attempting to prevent arbitrage. 5) If a firm faces a high demand during the summer months and a low demand during the winter months, peak-load pricing can increase the firm's profits compared to charging the same price in the summer and winter months.
According to the profit-maximization goal, the firm should attempt to maximize short-run profits since there is too much uncertainty associated with long-run profits
a. true b. false
If the demand for oranges falls, as a result, it is highly likely that the demand for:
A. orange juice will fall. B. orange grove workers will fall. C. apples will increase. D. apple orchard workers will decrease.