One necessary condition for effective price discrimination is:
a. difference in the price elasticity of demand among buyers.
b. two or more markets with easy resale of products between them.
c. identical tastes among buyers.
d. a single, homogeneous market.
a
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In the TruLite boxing department, management finds that the production team maintains several boxes of lights in a nearby storage closet. On days when the assembly line breaks down, the boxes are added back at the end of day to meet production goals. This is an example of:
A. risk premium adjustment factors. B. beating the benchmark. C. gaming the production system. D. random elements in production.
About ________ of recent annual labor force growth in the United States is the result of immigration
A. one-tenth B. one-fifth C. one-third D. one-half
As more producers with differing marginal rates of transformation are added, the joint production possibility curve becomes
A) steeper. B) flatter. C) more convex to the origin. D) smoother.
Which of the following is an implication of the classical model?
a. The supply of loanable funds curve is downward sloping. b. The inflation rate is constantly rising. c. Fiscal policy only changes the amount of consumption, investment and government spending, not the amount of output produced. d. Monetary policy can change both the interest rate and real output. e. The interest rate can only be changed by monetary policy, not by changes in government spending.