Disneyland price discriminates because
A) everyone loves going to The Happiest Place on Earth, so they'll pay whatever Disneyland wants to charge.
B) children are cheaper to service, so Disneyland can charge lower prices for a children's ticket.
C) only a certain number of people can get into Disneyland at any given time, limiting supply, and the market demand curve is nearly completely inelastic.
D) local residents likely wouldn't go to the park at prices Disneyland can charge for tourists, which would reduce Disneyland's profits.
D
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In practice, the Board of Governors and the chairperson of the Federal Reserve have the real control over monetary policy
Indicate whether the statement is true or false
Government regulation is best applied in cases_____
a. where the marginal benefit of the regulation is greater than the cost of the bureaucracy b. where imposed rules can increase efficiency more than govt. production would c. where the marginal benefit of regulation improves the cost efficiency of the producers d. where imposed rules can increase efficiency more than a public/private partnership would
If the United States looks more economically and politically stable relative to the rest of the world, this will
A) decrease the demand for dollars. B) increase the demand for dollars. C) have no effect on the demand for dollars. D) stop all trading between the currencies of the United States and other countries.
Which bond is likely to have higher interest rate due to a higher default risk?
a. A share of stock issued by Apple. b. A corporate bond issued by Apple. c. A junk bond. d. A U.S. government bond.