Which of the following is considered to be an "environmental explanation" for discrimination?
a. personal tastes and preferences for discrimination
b. affirmative action programs
c. less training and education
d. religious beliefs
c
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When the price of candy bars decreased from $0.55 to $0.45, the quantity demanded changed from 19,000 per day to 21,000 per day. In this price range, the price elasticity of demand (based on the midpoint formula) is
A. -0.5. B. -0.2. C. -1. D. -2.
In which market structure is it not possible to practice price discrimination?
A) oligopoly B) monopolistic competition C) monopoly D) perfect competition
The value of the put option rises when the underlying asset
A) experiences price increases. B) experiences price declines. C) experiences reduced volatility. D) has a relatively short maturity.
Use the following graph to answer the next question.
Which of the following factors does NOT explain a movement along the AD curve?
A. The real-balances effect B. The foreign purchases effect C. The expenditure multiplier effect D. The interest-rate effect