When a monopoly price discriminates, it
A) increases the amount of consumer surplus.
B) decreases its economic profit.
C) converts consumer surplus into economic profit.
D) converts economic profit into consumer surplus.
E) has no effect on the deadweight loss in the market.
C
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A ten-year $1,000,000-face-value zero-coupon Treasury bond has a market price of __________ when the interest rate is 9.62%
A) $399,119 B) $674,844 C) $903,800 D) $962,000
Lately, the ratio of debt to GDP has been
a. rising at a small rate. b. rising steadily. c. falling modestly. d. staying constant.
Suppose the following: (1 ) the wage rate rises, (2 ) the interest rate rises, (3 ) any change in AD is greater than any change in SRAS. Based on this information, in the short run Real GDP will __________ and the price level will __________
A) rise; rise B) fall; rise C) fall; fall D) rise; fall
Which of the following statements is correct?
A. The Social Security program funnels transfers from retired individuals to the youngest children of low-income families. B. As a public transfer payment, Social Security benefit is available only to the poor. C. Social Security benefits are received by people who had contributed to the fund during their active work years. D. Social Security is an entitlement which is available to everyone, including those who have not contributed to the fund during their active work years.