Price discrimination
a. may lead to greater output.
b. always leads to a reduction of output.
c. leads to lower profits for the firm.
d. causes firms to operate at a higher cost.
a
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Using a production possibilities curve, economic growth is represented by
A) an inward shift of the curve. B) an outward shift in the curve. C) a movement along the curve. D) a pivot of the curve.
Which statement is true?
A. College graduates earn much more than high school graduates mainly because of what they learn in college. B. The bulk of all property income goes to the middle class. C. Most government transfer payments go to the poor. D. The bulk of all property income goes to the rich.
The term outsourcing is used to describe work done for a company by individuals working for another company in a different country
Indicate whether the statement is true or false
Human capital is
A. The ratio of labor to capital. B. The knowledge and skills possessed by the labor force. C. Able to increase only if the labor force grows. D. Insignificant in productivity advances.