Saving by households and businesses is called ________ saving.
A. private
B. aggregate
C. public
D. national
Answer: A
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Of the following, the most likely example of price discrimination is when:
A. restaurants charge different prices for chicken and beef. B. hotels charge different rates for the same rooms when conventions are held. C. supermarkets charge different prices for oranges and apples. D. a firm sells different shoes for different prices.
What is the lowest price the firm would accept in the long run?
A U.S. trade deficit will cause all of the following phenomena except:
A. future interest and profits from assets sold to foreigners must be paid to them. B. U.S. assets will have to be sold to foreigners. C. production must eventually increase. D. future consumption must decrease to pay for the current excess of imports over exports.
Repair guarantees are a sign the seller thinks they have a lemon.
Answer the following statement true (T) or false (F)