Higher rates of interest increase the opportunity cost of holding money balances
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is not an example of price discrimination?
A) Unlike foreign tourists, citizens of Cambodia are exempted from paying an admission fee to the temples of Angkor. B) Senior citizens may purchase special fare tickets for public transportation that are not available to others. C) Adobe Systems offers software at discounted prices to students and faculty at K-12 and university levels. D) Buyers at an automotive parts store receive a discount for bulk buying because the store is able to pass on to its customers some of the lower average cost for producing large quantities.
Policymakers in a country with a balance of payments surplus may not want to see their country's currency appreciate because this would
A) hurt consumers in their country by making foreign goods more expensive. B) hurt domestic businesses by making foreign goods cheaper in their country. C) increase inflation in their country. D) decrease the wealth of the country.
A monopoly faces the entire ___________ schedule of an industry.
Fill in the blank(s) with the appropriate word(s).
Households, firms, and government purchase from the goods-and-services market.
Answer the following statement true (T) or false (F)