Price discrimination is when a firm charges:
A. the same price to all consumers.
B. different prices for different goods to different consumers.
C. different prices for the same goods to different consumers.
D. None of these is correct.
Answer: C
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If real GDP in the United States is growing at an annual rate of 3.2% per capita and Bolivia's real GDP per capita
is growing at a rate of 1.3%, which of the following would we expect in the long run? Assume real GDP per capita in the United States begins at a level above that of real GDP per capita in Bolivia. A) Real GDP per capita in the United States will always be 1.9% higher than real GDP per capita in Bolivia. B) The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will increase over time. C) The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will always be $1.9 trillion. D) The difference between the level of real GDP per capita in the United States and real GDP per capita in Bolivia will shrink over time.
Severance taxes are collected on _____
a. estates b. unemployment insurance c. the extraction of natural resources d. large employee bonuses
A . Explain how a change in technology will affect labor productivity. b. Give an example of a change in technology that increased labor productivity
Which of the following is NOT an expected consequence of balancing the federal government's budget?
A) increased private investment B) increased borrowing from foreigners C) reduced interest payment to foreigners D) B and C.