Price discrimination always harms consumers
a. True.
b. False.
B
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In the case of a negative externality, the entire marginal social cost curve lies
A. below the entire marginal private cost curve by the amount of the external costs associated with the negative externality. B. below the entire demand curve by the amount of the external costs associated with the negative externality. C. above the entire marginal private cost curve by the amount of the external costs associated with the negative externality. D. above the entire demand curve by the amount of the external costs associated with the negative externality. E. none of the above
Some economists argue that the official poverty figures overstate poverty in this country. Why?
What will be an ideal response?
Monopolistic competition tends to lead firms to have wasted capacity. Why?
Suppose the United States reduced the tariff on digital camera, allowing foreign-produced cameras to more freely enter the U.S. market. Which of the following would most likely occur?
a. The price of cameras to U.S. consumers would increase, and the demand for U.S. export products would rise. b. The price of cameras to U.S. consumers would fall, and the demand for U.S. export products would fall. c. The price of cameras to U.S. consumers would increase, and the demand for U.S. export products would fall. d. The price of cameras to U.S. consumers would fall, and the demand for U.S. export products would rise.