The total tariff revenue to the government of an imported good is found by adding the tariff to the quantity of the good imported
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following firms faces monopolistic competition?
a. A poultry farm selling eggs to different bakeries b. A fashion store selling clothes at an up-scale boutique c. A fruit-bowl shop at a local market d. A movie hall selling tickets in advance for an upcoming blockbuster
Evidence on the existence of relative PPP shows that:
A) the evidence for relative PPP is scanty and theory is large discredited B) the evidence for relative PPP is hit or miss, and so one should exercise cations in using relative PP to predict changes in exchange rates C) relative PPP is an approximate guide to predicting the relationship between changes in inflation and exchange rates over long periods such as decades d) relative ppp holds nearly perfectly in the short and long run, are used with great accuracy to make predictions
Price discrimination means charging:
A. the same price to all buyers even if production costs are different. B. higher prices to women and minorities. C. different prices to different buyers for essentially the same good or service. D. different prices for different products because production costs are different.
________ slow(s) the flow of benefits from research and development to consumers.
A. Economies of scale B. Patents C. Technology D. Competition