Price discrimination reveals
A) the inherent greed of Western culture.
B) the inability for regulators to stop unethical practices.
C) that individuals have different willingness to pay.
D) that individuals have the same willingness to pay.
C
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Jill, a U.S. citizen, uses some euros to purchase a bond issued by a French vineyard. This exchange
a. decreases U.S. net capital outflow. b. increases U.S. net capital outflow by more than the value of the bond. c. increases U.S. net capital outflow by the value of the bond. d. does not change U.S. net capital outflow.
Demand for items people do not really need for their survival, such as cars, is generally ________ than demand for items such as water.
A. higher B. lower C. more elastic D. less elastic
Table 14.1Table 14.1 represents 3 markets for used computers. Which of the markets in Table 14.1 are not in equilibrium?
A. 1 only B. 2 only C. 3 only D. 1 and 3
The "French paradox" is the fact that
a. even moderate alcohol consumption carries severe health risks. b. moderate consumption of alcohol can actually be beneficial. c. 3 drinks per day for women, and 4 for men can prevent heart attacks and strokes. d. disease preventing properties are present only in French wine