Firms that have a cover charge for their customers and charge for each item they purchase as well are exhibiting
a. universal access price discrimination
b. declining block price discrimination.
c. mixed bundling price discrimination.
d. two-part price discrimination.
e. uniform pricing
d
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The government tries to protect the competitive economic system by passing and enforcing
A) price controls. B) tariff legislation. C) antitrust laws. D) building codes and zoning laws.
If the government removes a binding price floor from a market, then the price received by sellers will
a. decrease, and the quantity sold in the market will decrease. b. decrease, and the quantity sold in the market will increase. c. increase, and the quantity sold in the market will decrease. d. increase, and the quantity sold in the market will increase.
Human capital is a term that characterizes
A. firms that sell their products to customers directly. B. individuals with a set of skills that they rent to employers. C. individuals who buy skills from the companies they work for. D. the number of workers in a company who are productive.
Based on the table showing income inequality in the United States, the proportion of income earned by the lowest fifth of Americans was greatest in ______.
a. 1935
b. 1950
c. 1960
d. 1970