Which of the following would NOT be considered price discrimination?
A. charging business travelers more money than leisure travelers for plane tickets
B. charging houses in expensive neighborhoods more money for mowing the same size lawn than in a less expensive neighborhood
C. charging a lower price for dry cleaning men's shirts than women's shirts
D. charging more money for a large luxury car than a small economy car
Answer: D
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What is a standard process used to determine fair market value of a property?
A) the comparable sales method B) just compensation C) eminent domain D) the equitable transactions cost method
Recent research by Keynesians and classicals has led to
A) a reconciliation of the types of models they use. B) the recognition by classical economists that prices adjust very slowly. C) convincing evidence that TFP shocks are the dominant force affecting the business cycle. D) the refutation of the efficiency wage model.
Which of the following is not a source of inequality in incomes?
A. Redistribution of income B. Differences in intensity of work C. Differences in ability D. Risk taking
If Europeans increase their demand for American cars, everything else constant, we should observe the following change in the U.S. dollar-euro market:
A. the supply curve of dollars shifts right. B. the supply curve of dollars shifts left. C. the demand curve for dollars shifts left. D. the demand curve for dollars shifts right.