Price discrimination
A. occurs whenever a good or service is resold.
B. is prohibited by law.
C. occurs when a seller charges two or more prices for the same good or service.
D. occurs when the seller charges different prices for different quality products.
C. occurs when a seller charges two or more prices for the same good or service.
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Decrease in stock market wealth will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
An increase in the rate of depreciation is associated with ________
A) a decrease in the rate of productivity B) a decrease in gross investment C) a decrease in net investment D) an increase in net investment
If a consumer's purchases of a product increases as income increases, this good is classified as a(n):
a. superior good. b. inferior good. c. substitute good. d. complementary good. e. normal good.
If a country raises its budget deficit, then its
a. net capital outflow and net exports rise. b. net capital outflow rises and net exports fall. c. net capital outflow falls and net exports rise. d. net capital outflow and net exports fall.