Providing medical services for smaller fees to the poor than to the rich is
A. misplaced charity.
B. benevolent pricing.
C. price discrimination.
D. social pricing.
Answer: C
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The total of all planned expenditures in the entire economy is the definition of
A) production possibilities curve. B) aggregate demand. C) net domestic product. D) aggregate supply.
This statement is true. The Producer Price Index (PPI) is based on prices paid for supplies and inputs by producers of goods and services. The PPI in general has increase over time representing that the cost of living has increased over time.
a. Consumer Price Index b. Product Price Index c. Employment Cost Index d. Employment Price Index
The equilibrium price of a good in market A is $24. The current price of the good in market A is $21. At this price, a(n) ________________________ of the good exists in market A
A) surplus B) shortage C) excess supply D) excess demand E) b and d
If there is inflation, then a firm that has kept its price fixed for some time will have a
a. high relative price. Relative-price variability rises as the inflation rate rises. b. high relative price. Relative-price variability falls as the inflation rate rises. c. low relative price. Relative-price variability rises as the inflation rate rises. d. low relative price. Relative-price variability falls as the inflation rate rises.