When a firm sells a given product at more than one price and the price difference is NOT caused by differences in cost then there is
A) price discrimination.
B) price differentiation.
C) price demarcation.
D) price delineation.
A
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As labor increases, there is a
A) shift of the aggregate production function, but no movement along it. B) movement along the aggregate production function, but no shift in it. C) movement along the aggregate production function and real GDP will increase less with each additional increase in labor. D) movement along the aggregate production function and real GDP will decrease less with each additional increase in labor.
Carol has just purchased a cereal she saw advertised on TV because of the health benefits contained in the ad. The TV ad is an example of
A) mass marketing. B) direct marketing. C) indirect marketing. D) interactive marketing.
The 2008 financial crisis was caused by the decline of real estate values as well as several other factors
a. True b. False Indicate whether the statement is true or false
If Hispanics are paid less than their marginal product, then
a. cooperation among firms can perpetuate this wage discrimination. b. employers can engage in discrimination at zero cost. c. nondiscriminating firms will hire more Hispanics. d. whites will be paid compensating differentials.