The relationship between income and education is clear. At every age, those with more education earn more
a. True
b. False
A
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Which of the following is true about price discrimination? a. When there are a number of competing firms, price discrimination is less likely because competitors tend to undercut the high prices charged those discriminated against. b. A profit-maximizing seller will charge a higher price for those with a greater willingness to pay, and a lower price for demanders with a lower willingness to
pay. c. Price differentials between groups will erode if reselling is easy. d. All of the above are true of price discrimination.
The objective of creating value is the same as
A) maximizing shareholder value. B) maximizing profit. C) maximizing added value. D) all of these choices.
Unemployment benefits tend to be higher in Europe and are offered for longer periods than in the United States
a. True b. False
Recessions typically cause the unemployment rate to ________ and the inflation rate to ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall